502 Ashcroft DrSpring CreekNV89815
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Nearby investment properties with comparable prices
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 Spring Creek at 502 Ashcroft Dr, Spring Creek, NV, 89815 priced at $349,000 pairs $2,311/mo rent with $295/mo cash flow after a $1,708/mo payment. Total monthly income equals $2,311/mo, and annual cash flow comes to $3,537/yr on $115,694 invested. Return on cash invested is 22.97% in year one, and rental yield stands at 7.95% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 118.7% and total cumulative return in cash reaches $137,328. For financing, Ziffy Mortgage’s DSCR program evaluates $2,311/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89815, Spring Creek, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 5,512 (82.7%) |
| Renter Occupied HU | 767 (11.5%) |
| Vacant Housing Units | 390 ( 5.8%) |
| Median Home Value | $341,377 |
| Average Home Value | $375,005 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,691
Multi-Family
0
Businesses
79
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Listed by: Heather Jo Jones • Keller Williams VIP
Mls Name: ECMLS
Mls ID: #3627263