555 Patriot Blvd SUITE 218RenoNV89511
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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 Patriot Blvd SUITE 218, Reno, NV, 89511 uses $90,997 cash to close to unlock $966/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $2,041/mo, and a $1,344/mo payment keeps the spread at $81/mo. Purchase price stands at $274,500, and rental yield measures 8.92% with $2,041/mo rent. Return on cash invested shows 20.97% in year one, and 5% annual appreciation builds toward $75,839 over five years. Five-year ROI reaches 109.8% and total cumulative return in cash records $99,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,041/mo property income covering a $1,344/mo payment rather than investor’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
$374 monthly 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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Listed by: Hong Ying Sidley • Sidley Real Estate Int'l. LLC
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250052000
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