604 Oakwood Dr APT 1SparksNV89431
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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 Sparks at 604 Oakwood Dr APT 1, Sparks, NV, 89431 offers a 8.9% rental yield on a $238,000 purchase with $1,765/mo rent. Total monthly income registers $1,765/mo, and a $1,165/mo payment leaves $390/mo available for distribution. Annual cash flow reaches $4,677/yr on $78,897 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $1,536/yr while 5% annual appreciation supports $65,755 over five years. Portfolio math shows five-year ROI at 134.1% and total cumulative return in cash at $105,802. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,765/mo property income against a $1,165/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89431, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,074 (42.0%) |
| Renter Occupied HU | 8,987 (53.3%) |
| Vacant Housing Units | 799 ( 4.7%) |
| Median Home Value | $383,516 |
| Average Home Value | $472,222 |
Housing Distribution
Address Breakdown
Residential
15,835
Single Family
12,721
Multi-Family
3,114
Businesses
2,572
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