3230 Wedekind Rd APT 102SparksNV89431
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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 3230 Wedekind Rd APT 102, Sparks, NV, 89431 generates $2,218/mo in rent and, after a $1,431/mo payment, leaves $159/mo in cash flow. Total monthly income is $2,218/mo, and annual cash flow is $1,905/yr on $96,931 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 9.1% on a $292,400 entry. Equity gained on principal adds $1,887/yr, while 5% annual appreciation builds toward $80,785 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash sums $110,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,218/mo property income rather than buyer’s personal income.
Condo
Built in 1988
1,306 sqft lot
$N/A/sqft
$370 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: Samantha Saquella • RE/MAX Professionals-Reno
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240014832
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