3482 Terrace Knoll CtRenoNV89512
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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 3482 Terrace Knoll Ct, Reno, NV, 89512 generates $2,152/mo in rent and, after a $1,542/mo payment, leaves $332/mo in cash flow. Total monthly income is $2,152/mo, and annual cash flow is $3,981/yr on $104,423 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 8.2% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 122.74% and total cumulative return in cash sums $128,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,152/mo property income rather than buyer’s personal income.
Townhouse
Built in 1975
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89512, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,690 (100%) |
| Owner Occupied HU | 3,979 (31.4%) |
| Renter Occupied HU | 7,963 (62.8%) |
| Vacant Housing Units | 748 ( 5.9%) |
| Median Home Value | $348,157 |
| Average Home Value | $421,809 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
8,124
Multi-Family
3,188
Businesses
583
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