423 Wheeler AveRenoNV89502
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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 423 Wheeler Ave, Reno, NV, 89502 generates $2,340/mo in rent, after a $2,570/mo payment. Total monthly income is $2,340/mo. Return on cash invested sits at 15.24% in year one, and rental yield is 5.35% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 77.25% and total cumulative return in cash sums $133,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
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