323 Tramway Dr #301StatelineNV89449
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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 Stateline at 323 Tramway Dr #301, Stateline, NV, 89449 offers a 2% rental yield on a $1,785,000 purchase with $2,974/mo rent. 14% in year one. Equity gained on principal adds $11,518/yr while 5% annual appreciation supports $493,163 over five years. Portfolio math shows five-year ROI at 23% and total cumulative return in cash at $133,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,974/mo property income against a $8,737/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
1,742 sqft lot
$N/A/sqft
No 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
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