4233 Pelican DrFallonNV89406
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 4233 Pelican Dr, Fallon, NV, 89406 in Fallon worth study. Rental yield 5.81%. The 5.81% gross yield is below cash-flow benchmarks at $545,000, but 5% annual appreciation, adding $150,573 over five years, frames this as a capital growth position. Rent of $2,640/mo partially offsets the $2,451/mo payment. Ziffy Mortgage finances appreciation-play properties (1.08 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $172,916.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 6.8% |
| Monthly Cash Flow | $(509) | $420 |
City averages based on Fallon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $2,932 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89406, Fallon, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,944 (100%) |
| Owner Occupied HU | 7,143 (65.3%) |
| Renter Occupied HU | 3,088 (28.2%) |
| Vacant Housing Units | 713 ( 6.5%) |
| Median Home Value | $348,818 |
| Average Home Value | $377,633 |
Housing Distribution
Address Breakdown
Residential
10,701
Single Family
10,425
Multi-Family
276
Businesses
685
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2004
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89406, Fallon, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,944 (100%) |
| Owner Occupied HU | 7,143 (65.3%) |
| Renter Occupied HU | 3,088 (28.2%) |
| Vacant Housing Units | 713 ( 6.5%) |
| Median Home Value | $348,818 |
| Average Home Value | $377,633 |
Housing Distribution
Address Breakdown
Residential
10,701
Single Family
10,425
Multi-Family
276
Businesses
685
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hadley Faught • eXp Realty, LLC
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250005171
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