2855 Idlewild Dr APT 124RENONV89509
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in RENO at 2855 Idlewild Dr APT 124, RENO, NV, 89509 uses $99,119 cash to close to unlock $707/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $1,786/mo, and a $1,463/mo payment keeps the spread at $59/mo. Purchase price stands at $299,000, and rental yield measures 7.17% with $1,786/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 106.11% and total cumulative return in cash records $105,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,786/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1984
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89509, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 9,041 (50.5%) |
| Renter Occupied HU | 7,979 (44.6%) |
| Vacant Housing Units | 879 ( 4.9%) |
| Median Home Value | $704,008 |
| Average Home Value | $783,053 |
Housing Distribution
Address Breakdown
Residential
16,680
Single Family
13,614
Multi-Family
3,066
Businesses
1,226
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