348 Wheeler AveRenoNV89502
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 348 Wheeler Ave, Reno, NV, 89502 in Reno worth study. Rental yield 4.68%. The 4.68% gross yield is below cash-flow benchmarks at $369,900, but 5% annual appreciation, adding $102,197 over five years, frames this as a capital growth position. Rent of $1,441/mo partially offsets the $1,663/mo payment. Ziffy Mortgage finances appreciation-play properties (0.87 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $88,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 4.8% |
| Monthly Cash Flow | $(806) | $1,850 |
City averages based on Reno market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,441 |
| Total Monthly Debt Service | $2,100 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1908
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
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
Multi Family
Built in 1908
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terry Rasner • Reno/Tahoe Realty Group, LLC
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240014101
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