3029 Sherman LnCarson CityNV89706
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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 Carson City at 3029 Sherman Ln, Carson City, NV, 89706 uses $64,643 cash to close to unlock $4,485/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $954/mo payment keeps the spread at $374/mo. Purchase price stands at $195,000, and rental yield measures 9.23% with $1,500/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 139.5% and total cumulative return in cash records $90,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89706, Carson City, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,268 (100%) |
| Owner Occupied HU | 5,060 (54.6%) |
| Renter Occupied HU | 3,725 (40.2%) |
| Vacant Housing Units | 483 ( 5.2%) |
| Median Home Value | $367,645 |
| Average Home Value | $379,047 |
Housing Distribution
Address Breakdown
Residential
8,637
Single Family
7,370
Multi-Family
1,267
Businesses
1,033
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Listed by: Kyle Wentz • Dickson Realty - Gardnerville
Mls Name: NNRMLS
Mls ID: #260000740