4608 Neil Rd UNIT 246RenoNV89502
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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 4608 Neil Rd UNIT 246, Reno, NV, 89502 earns $356/mo cash flow from $1,562/mo rent with a $783/mo payment. Total monthly income totals $1,562/mo, and annual cash flow totals $4,269/yr on $53,007 capital. ROI tracks 27.96% on current figures, and rental yield reads 11.72% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 147.82% and total cumulative return in cash sums $78,354. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,562/mo property income instead of your personal income.
Condo
Built in 1978
435.60 sqft lot
$N/A/sqft
$282 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
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Listed by: Bill Weishuhn • RE/MAX Prime Properties
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250000143
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