538 Balsam 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 538 Balsam Dr, Spring Creek, NV, 89815 priced at $409,999 converts $2,899/mo rent into $447/mo cash flow after a $2,007/mo obligation. Total monthly income equals $2,899/mo, and annual cash flow totals $5,362/yr on $135,915 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 8.48% against a $409,999 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 123.71% and total cumulative return in cash sums $168,143. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,899/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 1996
2.09 Acres lot
$N/A/sqft
$83 monthly 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: Jessica Larsen • Presidio Real Estate West
Mls Name: ECMLS
Mls ID: #3625786
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.