331 Tramway Dr #4StatelineNV89449
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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 Stateline at 331 Tramway Dr #4, Stateline, NV, 89449 offers $2,333/mo rent that, after a $1,762/mo payment. Total monthly income is $2,333/mo. Return on cash invested measures 18.79% in year one, and rental yield stands at 7.78% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 97.63% and total cumulative return in cash reaches $116,517. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,333/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1974
N/A lot
$N/A/sqft
$4,374 annually 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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Listed by: Austin Buyak • eXp Realty
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250053743
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