50 N Sierra St #PENTHOUSE 13RenoNV89501
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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 50 N Sierra St #PENTHOUSE 13, Reno, NV, 89501 offers a 1.31% rental yield on a $1,950,000 purchase with $2,132/mo rent. 1% in year one. Equity gained on principal adds $12,583/yr while 5% annual appreciation supports $538,749 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,132/mo property income against a $9,544/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
3,049 sqft lot
$N/A/sqft
$2,142 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89501, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,589 (100%) |
| Owner Occupied HU | 618 (17.2%) |
| Renter Occupied HU | 2,200 (61.3%) |
| Vacant Housing Units | 771 (21.5%) |
| Median Home Value | $620,040 |
| Average Home Value | $674,548 |
Housing Distribution
Address Breakdown
Residential
2,166
Single Family
726
Multi-Family
1,440
Businesses
639
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Listed by: Samantha Reveley • Dickson Realty - Downtown
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250056144
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