450 N Arlington Ave UNIT 308RenoNV89503
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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 308, Reno, NV, 89503 uses $64,609 cash to close to unlock $4,222/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,478/mo, and a $954/mo payment keeps the spread at $352/mo. Purchase price stands at $194,900, and rental yield measures 9.1% with $1,478/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 137.35% and total cumulative return in cash records $88,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,478/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1974
871.20 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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