358 Thoroughbred DrSpring CreekNV89815
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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 Spring Creek at 358 Thoroughbred Dr, Spring Creek, NV, 89815 uses $116,025 cash to close to unlock $5,962/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $2,602/mo, and a $1,713/mo payment keeps the spread at $497/mo. Purchase price stands at $350,000, and rental yield measures 8.92% with $2,602/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 130.16% and total cumulative return in cash records $151,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,602/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1993
1.36 Acres lot
$N/A/sqft
$83 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89815, Spring Creek, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 5,512 (82.7%) |
| Renter Occupied HU | 767 (11.5%) |
| Vacant Housing Units | 390 ( 5.8%) |
| Median Home Value | $341,377 |
| Average Home Value | $375,005 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,691
Multi-Family
0
Businesses
79
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Listed by: Marcella Syme • Signature Real Estate Group
Mls Name: ECMLS
Mls ID: #3625721
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.