572 Spur WayFernleyNV89408
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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 Fernley at 572 Spur Way, Fernley, NV, 89408 offers $2,280/mo rent that, after a $1,664/mo payment, leaves $316/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $3,788/yr on $112,710 cash. Return on cash invested measures 23.27% in year one, and rental yield stands at 8.05% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 120.32% and total cumulative return in cash reaches $135,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89408, Fernley, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,552 (100%) |
| Owner Occupied HU | 6,617 (69.3%) |
| Renter Occupied HU | 2,502 (26.2%) |
| Vacant Housing Units | 433 ( 4.5%) |
| Median Home Value | $369,852 |
| Average Home Value | $401,265 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,996
Multi-Family
98
Businesses
490
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