2985 Truckee StSilver SpringsNV89429
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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 Silver Springs at 2985 Truckee St, Silver Springs, NV, 89429 uses $41,438 cash to close to unlock $2,599/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $939/mo, and a $612/mo payment keeps the spread at $217/mo. Purchase price stands at $125,000, and rental yield measures 9.01% with $939/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 136% and total cumulative return in cash records $56,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $939/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1973
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89429, Silver Springs, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,759 (100%) |
| Owner Occupied HU | 2,875 (76.5%) |
| Renter Occupied HU | 552 (14.7%) |
| Vacant Housing Units | 332 ( 8.8%) |
| Median Home Value | $354,694 |
| Average Home Value | $360,224 |
Housing Distribution
Address Breakdown
Residential
3,239
Single Family
3,198
Multi-Family
41
Businesses
146
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Listed by: Robert Herrera • Sierra Nevada Properties-Frnly
Mls Name: NNRMLS
Mls ID: #250053302