486 Smithridge ParkRenoNV89502
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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 486 Smithridge Park, Reno, NV, 89502 priced at $289,000 pairs $1,615/mo rent with after a $1,415/mo payment. Total monthly income equals $1,615/mo. Return on cash invested is 19.22% in year one, and rental yield stands at 6.71% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 98.6% and total cumulative return in cash reaches $94,466. For financing, Ziffy Mortgage’s DSCR program evaluates $1,615/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1970
43.56 sqft lot
$N/A/sqft
No 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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