3177 Sterling Ridge CirSparksNV89431
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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 Sparks at 3177 Sterling Ridge Cir, Sparks, NV, 89431 priced at $400,000 converts $2,555/mo rent into $24/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,555/mo, and annual cash flow totals $284/yr on $132,600 invested. Return on cash invested prints 20.12% in year one, and rental yield reads 7.66% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 104.17% and total cumulative return in cash sums $138,136. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,555/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Townhouse
Built in 2018
871.20 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89431, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,074 (42.0%) |
| Renter Occupied HU | 8,987 (53.3%) |
| Vacant Housing Units | 799 ( 4.7%) |
| Median Home Value | $383,516 |
| Average Home Value | $472,222 |
Housing Distribution
Address Breakdown
Residential
15,835
Single Family
12,721
Multi-Family
3,114
Businesses
2,572
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Listed by: Neal Fincher • Dickson Realty - Caughlin
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250006191
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