359 Smithridge ParkRenoNV89502
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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 359 Smithridge Park, Reno, NV, 89502 at $300,000 posts ROI 23.41% with $290/mo cash flow from $2,023/mo rent. Total monthly income equals $2,023/mo, and annual cash flow records $3,480/yr on $99,450 to close. Return on cash invested measures 23.41% and rental yield reads 8.09% at the current $300,000. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 121.05% and total cumulative return in cash totals $120,384.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,023/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1970
43.56 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
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