3865 E Leonesio Dr APT F1RenoNV89512
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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 3865 E Leonesio Dr APT F1, Reno, NV, 89512 uses $64,974 cash to close to unlock $3,646/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,831/mo, and a $959/mo payment keeps the spread at $304/mo. Purchase price stands at $196,000, and rental yield measures 11.21% with $1,831/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 135.03% and total cumulative return in cash records $87,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,831/mo property income covering a $959/mo payment rather than investor’s personal income.
Condo
Built in 1983
871.20 sqft lot
$N/A/sqft
$395 monthly 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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Listed by: Alma Chilson • Solid Source Realty
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250005724
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