555 E Patriot BlvdRenoNV89511
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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
Investment property for sale in Reno at 555 E Patriot Blvd, Reno, NV, 89511 with 5% annual appreciation on a $214,900 basis while $1,974/mo rent supports operations. Total monthly income totals $1,974/mo and a $1,052/mo payment preserves $732/mo for cash returns. Annual cash flow comes to $8,786/yr on $71,239 deployed, and return on cash invested reaches 32.24% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,373 alongside rental yield of 11.02%. Five-year ROI measures 168.51% and total cumulative return in cash totals $120,042.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,974/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89511, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,686 (100%) |
| Owner Occupied HU | 9,139 (66.8%) |
| Renter Occupied HU | 3,860 (28.2%) |
| Vacant Housing Units | 687 ( 5.0%) |
| Median Home Value | $887,736 |
| Average Home Value | $1,035,876 |
Housing Distribution
Address Breakdown
Residential
13,551
Single Family
10,157
Multi-Family
3,394
Businesses
1,980
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