2880 Jennings WayElkoNV89801
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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
Rental property for sale in Elko at 2880 Jennings Way, Elko, NV, 89801 generates $2,428/mo in rent and, after a $1,884/mo payment, leaves $204/mo in cash flow. Total monthly income is $2,428/mo, and annual cash flow is $2,447/yr on $127,628 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 7.57% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 112.57% and total cumulative return in cash sums $143,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,428/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89801, Elko, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,807 (100%) |
| Owner Occupied HU | 6,452 (59.7%) |
| Renter Occupied HU | 3,506 (32.4%) |
| Vacant Housing Units | 849 ( 7.9%) |
| Median Home Value | $337,031 |
| Average Home Value | $386,280 |
Housing Distribution
Address Breakdown
Residential
10,290
Single Family
9,892
Multi-Family
398
Businesses
1,044
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