2983 Roundrock CtRenoNV89511
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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 Reno at 2983 Roundrock Ct, Reno, NV, 89511 generates $7,775/mo in rent, after a $8,508/mo payment. Total monthly income is $7,775/mo. Return on cash invested sits at 15.07% in year one, and rental yield is 5.37% on a $1,738,300 entry. Equity gained on principal adds $11,217/yr, while 5% annual appreciation builds toward $480,260 over five years. Five-year ROI reaches 76.42% and total cumulative return in cash sums $430,412. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,775/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.53 Acres lot
$N/A/sqft
$218 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89511, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,686 (100%) |
| Owner Occupied HU | 9,139 (66.8%) |
| Renter Occupied HU | 3,860 (28.2%) |
| Vacant Housing Units | 687 ( 5.0%) |
| Median Home Value | $887,736 |
| Average Home Value | $1,035,876 |
Housing Distribution
Address Breakdown
Residential
13,551
Single Family
10,157
Multi-Family
3,394
Businesses
1,980
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