3915 Covington Way UNIT ARenoNV89503
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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 3915 Covington Way UNIT A, Reno, NV, 89503 at $219,900 posts ROI 19.67% with from $1,850/mo rent. Total monthly income equals $1,850/mo. Return on cash invested measures 19.67% and rental yield reads 10.1% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 104.6% and total cumulative return in cash totals $76,252. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,850/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1974
871.20 sqft lot
$N/A/sqft
$594 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89503, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,891 (100%) |
| Owner Occupied HU | 6,014 (43.3%) |
| Renter Occupied HU | 6,842 (49.3%) |
| Vacant Housing Units | 1,035 ( 7.5%) |
| Median Home Value | $491,907 |
| Average Home Value | $559,867 |
Housing Distribution
Address Breakdown
Residential
12,606
Single Family
10,268
Multi-Family
2,338
Businesses
607
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Listed by: Becca Martinez • Harcourts Vanguard
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240005059
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