417 Merino 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
Rental property for sale in Spring Creek at 417 Merino Dr, Spring Creek, NV, 89815 priced at $265,000 converts $2,400/mo rent into $869/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $10,427/yr on $87,848 invested. Return on cash invested prints 31.78% in year one, and rental yield reads 10.87% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 165.95% and total cumulative return in cash sums $145,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
1.03 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: Shecky Overholser • Elko Realty
Mls Name: ECMLS
Mls ID: #3627283