451 Canyon Way SPACE 63SparksNV89434
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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 Sparks at 451 Canyon Way SPACE 63, Sparks, NV, 89434 uses $44,753 cash to close to unlock $2,817/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,015/mo, and a $661/mo payment keeps the spread at $235/mo. Purchase price stands at $135,000, and rental yield measures 9.02% with $1,015/mo rent. Return on cash invested shows 26.2% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 136.08% and total cumulative return in cash records $60,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,015/mo property income covering a $661/mo payment rather than investor’s personal income.
Manufactured
Built in 1980
1,440 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89434, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,454 (100%) |
| Owner Occupied HU | 7,167 (57.5%) |
| Renter Occupied HU | 4,762 (38.2%) |
| Vacant Housing Units | 525 ( 4.2%) |
| Median Home Value | $490,172 |
| Average Home Value | $559,981 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
8,809
Multi-Family
2,743
Businesses
480
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