508 Cicada StFallonNV89406
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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 Fallon at 508 Cicada St, Fallon, NV, 89406 generates $1,290/mo in rent, after a $1,835/mo payment. Total monthly income is $1,290/mo. Return on cash invested sits at 11.45% in year one, and rental yield is 4.13% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 56.94% and total cumulative return in cash sums $70,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,290/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89406, Fallon, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,944 (100%) |
| Owner Occupied HU | 7,143 (65.3%) |
| Renter Occupied HU | 3,088 (28.2%) |
| Vacant Housing Units | 713 ( 6.5%) |
| Median Home Value | $348,818 |
| Average Home Value | $377,633 |
Housing Distribution
Address Breakdown
Residential
10,701
Single Family
10,425
Multi-Family
276
Businesses
685
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