3613 Cherry StSilver SpringsNV89429
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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 Silver Springs at 3613 Cherry St, Silver Springs, NV, 89429 priced at $349,050 converts $1,980/mo rent into after a $1,708/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 19.53% in year one, and rental yield reads 6.81% against a $349,050 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,436 by year five. Five-year ROI reaches 100.28% and total cumulative return in cash sums $116,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89429, Silver Springs, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,759 (100%) |
| Owner Occupied HU | 2,875 (76.5%) |
| Renter Occupied HU | 552 (14.7%) |
| Vacant Housing Units | 332 ( 8.8%) |
| Median Home Value | $354,694 |
| Average Home Value | $360,224 |
Housing Distribution
Address Breakdown
Residential
3,239
Single Family
3,198
Multi-Family
41
Businesses
146
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Listed by: Norma Drayton • The House of Realty LLC
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250004750
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