3281 Heights DrRenoNV89503
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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 Reno at 3281 Heights Dr, Reno, NV, 89503 priced at $581,111 pairs $4,093/mo rent with $736/mo cash flow after a $2,844/mo payment. Total monthly income equals $4,093/mo, and annual cash flow comes to $8,828/yr on $191,186 invested. Return on cash invested is 24.68% in year one, and rental yield stands at 8.45% on a $581,111 basis. Equity gained on principal adds $3,750/yr, and 5% annual appreciation accumulates to $160,550 by year five. Five-year ROI measures 127.84% and total cumulative return in cash reaches $244,413. For financing, Ziffy Mortgage’s DSCR program evaluates $4,093/mo property income against a $2,844/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89503, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,891 (100%) |
| Owner Occupied HU | 6,014 (43.3%) |
| Renter Occupied HU | 6,842 (49.3%) |
| Vacant Housing Units | 1,035 ( 7.5%) |
| Median Home Value | $491,907 |
| Average Home Value | $559,867 |
Housing Distribution
Address Breakdown
Residential
12,606
Single Family
10,268
Multi-Family
2,338
Businesses
607
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