418 Lily PlSpring 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 418 Lily Pl, Spring Creek, NV, 89815 priced at $320,000 converts $1,841/mo rent into after a $1,566/mo obligation. Total monthly income equals $1,841/mo. Return on cash invested prints 19.82% in year one, and rental yield reads 6.9% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 101.86% and total cumulative return in cash sums $108,051. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,841/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
1.29 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: Tami Shirley • Keller Williams VIP
Mls Name: ECMLS
Mls ID: #3627220