590 Colby LnRenoNV89506
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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 590 Colby Ln, Reno, NV, 89506 uses $154,479 cash to close to unlock $4,312/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $3,052/mo, and a $2,281/mo payment keeps the spread at $359/mo. Purchase price stands at $466,000, and rental yield measures 7.86% with $3,052/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $128,747 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash records $181,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,052/mo property income covering a $2,281/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89506, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,872 (100%) |
| Owner Occupied HU | 12,467 (69.8%) |
| Renter Occupied HU | 4,575 (25.6%) |
| Vacant Housing Units | 830 ( 4.6%) |
| Median Home Value | $466,488 |
| Average Home Value | $527,550 |
Housing Distribution
Address Breakdown
Residential
17,169
Single Family
16,944
Multi-Family
225
Businesses
735
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