450 N Arlington Ave UNIT 301RenoNV89503
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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 450 N Arlington Ave UNIT 301, Reno, NV, 89503 generates $1,296/mo in rent and, after a $800/mo payment, leaves $352/mo in cash flow. Total monthly income is $1,296/mo, and annual cash flow is $4,219/yr on $54,200 invested. Return on cash invested sits at 27.69% in year one, and rental yield is 9.51% on a $163,500 entry. Equity gained on principal adds $1,055/yr, while 5% annual appreciation builds toward $45,172 over five years. Five-year ROI reaches 144.06% and total cumulative return in cash sums $78,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,296/mo property income rather than buyer’s personal income.
Condo
Built in 1986
44 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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