593 Ogden AveElyNV89301
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 593 Ogden Ave, Ely, NV, 89301 in Ely worth study. Rental yield 4.91%. The 4.91% gross yield is below cash-flow benchmarks at $340,000, but 5% annual appreciation, adding $93,936 over five years, frames this as a capital growth position. Rent of $1,391/mo partially offsets the $1,529/mo payment. Ziffy Mortgage finances appreciation-play properties (0.91 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $91,415.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 6.2% |
| Monthly Cash Flow | $(574) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,391 |
| Total Monthly Debt Service | $1,829 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89301, Ely, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,105 (100%) |
| Owner Occupied HU | 1,869 (60.2%) |
| Renter Occupied HU | 710 (22.9%) |
| Vacant Housing Units | 526 (16.9%) |
| Median Home Value | $269,353 |
| Average Home Value | $280,928 |
Housing Distribution
Address Breakdown
Residential
2,292
Single Family
2,217
Multi-Family
75
Businesses
256
Nearby investment properties with comparable rents
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
Multi Family
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89301, Ely, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,105 (100%) |
| Owner Occupied HU | 1,869 (60.2%) |
| Renter Occupied HU | 710 (22.9%) |
| Vacant Housing Units | 526 (16.9%) |
| Median Home Value | $269,353 |
| Average Home Value | $280,928 |
Housing Distribution
Address Breakdown
Residential
2,292
Single Family
2,217
Multi-Family
75
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vivian Almberg • Desert Mountain Realty, Inc
Mls Name: GLVAR
Mls Provider:
Mls ID: #2675272
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS MLS. All rights reserved. [Click here for more information](/mls-disclaimers/#25)