3817 Joy Ln #149RenoNV89512
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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 3817 Joy Ln #149, Reno, NV, 89512 generates $1,761/mo in rent and, after a $1,233/mo payment, leaves $305/mo in cash flow. Total monthly income is $1,761/mo, and annual cash flow is $3,666/yr on $83,505 invested. Return on cash invested sits at 24.3% in year one, and rental yield is 8.39% on a $251,900 entry. Equity gained on principal adds $1,625/yr, while 5% annual appreciation builds toward $69,595 over five years. Five-year ROI reaches 125.86% and total cumulative return in cash sums $105,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,761/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
N/A 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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