512 Island Ave, Reno, NV, 89501 | 4.88% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,460/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 4.88% with $3,460/mo rent. Return on cash invested shows 13.83% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 69.69% and total cumulative return in cash records $194,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,460/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Condo

Built in 1975

435.60 sqft lot

$N/A/sqft

No 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