419 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
Investment property for sale in Spring Creek at 419 Lily Pl, Spring Creek, NV, 89815 uses $96,135 cash to close to unlock $2,194/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $1,419/mo payment keeps the spread at $183/mo. Purchase price stands at $290,000, and rental yield measures 7.69% with $1,858/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 114.53% and total cumulative return in cash records $110,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
1.40 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: Madison Clifford • Coldwell Banker Excel
Mls Name: ECMLS
Mls ID: #3627050