2976 N Fork RdFernleyNV89408
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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 Fernley at 2976 N Fork Rd, Fernley, NV, 89408 uses $152,159 cash to close to unlock $1,387/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $2,768/mo, and a $2,247/mo payment keeps the spread at $116/mo. Purchase price stands at $459,000, and rental yield measures 7.24% with $2,768/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 107.19% and total cumulative return in cash records $163,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,768/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 2015
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89408, Fernley, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,552 (100%) |
| Owner Occupied HU | 6,617 (69.3%) |
| Renter Occupied HU | 2,502 (26.2%) |
| Vacant Housing Units | 433 ( 4.5%) |
| Median Home Value | $369,852 |
| Average Home Value | $401,265 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,996
Multi-Family
98
Businesses
490
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