355 S Wells Ave #1/2RenoNV89502
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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
Investment property for sale in Reno at 355 S Wells Ave #1/2, Reno, NV, 89502 listed at $308,900 pairs $1,804/mo rent with a $1,512/mo payment to leave $19/mo cash flow. Total monthly income runs $1,804/mo, and annual cash flow reaches $230/yr on $102,400 cash to close. Return on cash invested measures 20.13% in year one, and rental yield registers 7.01% at a $308,900 basis. Equity gained on principal adds $1,993/yr, and annual property appreciation at 5% supports $85,343 by year five. Five-year ROI tracks 103.53% and total cumulative return in cash totals $106,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,804/mo property income relative to a $1,512/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in N/A
N/A 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
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