3409 Elm StSilver SpringsNV89429
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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 Silver Springs at 3409 Elm St, Silver Springs, NV, 89429 generates $1,884/mo in rent and, after a $1,346/mo payment, leaves $295/mo in cash flow. Total monthly income is $1,884/mo, and annual cash flow is $3,541/yr on $91,163 invested. Return on cash invested sits at 23.79% in year one, and rental yield is 8.22% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 123.18% and total cumulative return in cash sums $112,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,884/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89429, Silver Springs, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,759 (100%) |
| Owner Occupied HU | 2,875 (76.5%) |
| Renter Occupied HU | 552 (14.7%) |
| Vacant Housing Units | 332 ( 8.8%) |
| Median Home Value | $354,694 |
| Average Home Value | $360,224 |
Housing Distribution
Address Breakdown
Residential
3,239
Single Family
3,198
Multi-Family
41
Businesses
146
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Listed by: Amanda Siebers • Charles Kitchen Realty
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250051549
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