2955 Lakeside Dr UNIT 217RenoNV89509
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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 2955 Lakeside Dr UNIT 217, Reno, NV, 89509 listed at $298,000 pairs $2,272/mo rent with a $1,459/mo payment to leave $550/mo cash flow. Total monthly income runs $2,272/mo, and annual cash flow reaches $6,597/yr on $98,787 cash to close. Return on cash invested measures 26.59% in year one, and rental yield registers 9.15% at a $298,000 basis. Equity gained on principal adds $1,923/yr, and annual property appreciation at 5% supports $82,332 by year five. Five-year ROI tracks 138.12% and total cumulative return in cash totals $136,448. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,272/mo property income relative to a $1,459/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A 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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