450 N Arlington Ave UNIT 1403RenoNV89503
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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 Reno at 450 N Arlington Ave UNIT 1403, Reno, NV, 89503 earns $604/mo cash flow from $2,482/mo rent with a $1,591/mo payment. Total monthly income totals $2,482/mo, and annual cash flow totals $7,247/yr on $107,738 capital. ROI tracks 26.64% on current figures, and rental yield reads 9.16% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 138.37% and total cumulative return in cash sums $149,077. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,482/mo property income instead of your personal income.
Condo
Built in 2007
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89503, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,891 (100%) |
| Owner Occupied HU | 6,014 (43.3%) |
| Renter Occupied HU | 6,842 (49.3%) |
| Vacant Housing Units | 1,035 ( 7.5%) |
| Median Home Value | $491,907 |
| Average Home Value | $559,867 |
Housing Distribution
Address Breakdown
Residential
12,606
Single Family
10,268
Multi-Family
2,338
Businesses
607
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