3945 Covington Way UNIT BRenoNV89503
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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 3945 Covington Way UNIT B, Reno, NV, 89503 offers $1,675/mo rent that, after a $1,033/mo payment, leaves $456/mo cash flow. Total monthly income is $1,675/mo, and annual cash flow is $5,466/yr on $69,980 cash. Return on cash invested measures 27.72% in year one, and rental yield stands at 9.52% at a $211,100 entry. Equity gained on principal adds $1,362/yr while 5% annual appreciation compounds into $58,323 by year five. Five-year ROI records 144.21% and total cumulative return in cash reaches $100,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,675/mo property income versus a $1,033/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No 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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