313 Tramway Dr #20StatelineNV89449
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Stateline at 313 Tramway Dr #20, Stateline, NV, 89449 generates $2,291/mo in rent, after a $1,953/mo payment. Total monthly income is $2,291/mo. Return on cash invested sits at 15.94% in year one, and rental yield is 6.89% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 82.42% and total cumulative return in cash sums $109,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,291/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89449, Stateline, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,201 (100%) |
| Owner Occupied HU | 919 (41.8%) |
| Renter Occupied HU | 576 (26.2%) |
| Vacant Housing Units | 706 (32.1%) |
| Median Home Value | $966,204 |
| Average Home Value | $1,075,650 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim M Porter • Coldwell Banker Sel-Round Hill
Mls Name: STAOR
Mls Provider:
Mls ID: #141906
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright South Tahoe Association of Realtors. Based on information from the South Tahoe Association of REALTORS MLS as of 2025-07-04 12:06:40 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.