398 Smokey DrSpring CreekNV89815
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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 Spring Creek at 398 Smokey Dr, Spring Creek, NV, 89815 with 5% annual appreciation on a $189,900 basis while $1,461/mo rent supports operations. Total monthly income totals $1,461/mo and a $929/mo payment preserves $364/mo for cash returns. Annual cash flow comes to $4,371/yr on $62,952 deployed, and return on cash invested reaches 26.85% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 9.23%. Five-year ROI measures 139.6% and total cumulative return in cash totals $87,881.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,461/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1996
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89815, Spring Creek, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 5,512 (82.7%) |
| Renter Occupied HU | 767 (11.5%) |
| Vacant Housing Units | 390 ( 5.8%) |
| Median Home Value | $341,377 |
| Average Home Value | $375,005 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,691
Multi-Family
0
Businesses
79
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Listed by: Marissa Lostra • Lostra Realty
Mls Name: ECMLS
Mls ID: #3627077