3335 Somerset WayCarson CityNV89705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carson City at 3335 Somerset Way, Carson City, NV, 89705 offers $2,639/mo rent that, after a $1,957/mo payment, leaves $329/mo cash flow. Total monthly income is $2,639/mo, and annual cash flow is $3,945/yr on $132,567 cash. Return on cash invested measures 22.88% in year one, and rental yield stands at 7.92% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 118.25% and total cumulative return in cash reaches $156,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,639/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89705, Carson City, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,581 (100%) |
| Owner Occupied HU | 1,911 (74.0%) |
| Renter Occupied HU | 560 (21.7%) |
| Vacant Housing Units | 110 ( 4.3%) |
| Median Home Value | $561,087 |
| Average Home Value | $672,988 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,271
Multi-Family
81
Businesses
107
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Nearby investment properties with comparable prices
Listed by: Philip Reith • RE/MAX Gold-Carson City
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250004039
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