5030 Neil Rd APT 2RenoNV89502
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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 5030 Neil Rd APT 2, Reno, NV, 89502 generates $1,735/mo in rent and, after a $1,102/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,735/mo, and annual cash flow is $2,869/yr on $74,654 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.25% on a $225,200 entry. Equity gained on principal adds $1,453/yr, while 5% annual appreciation builds toward $62,219 over five years. Five-year ROI reaches 124.12% and total cumulative return in cash sums $92,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,735/mo property income rather than buyer’s personal income.
Apartment
Built in 1970
43 sqft lot
$N/A/sqft
$195 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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