632 Palace PkwySpring CreekNV89815
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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 Spring Creek at 632 Palace Pkwy, Spring Creek, NV, 89815 priced at $425,000 pairs $2,850/mo rent with $395/mo cash flow after a $2,080/mo payment. Total monthly income equals $2,850/mo, and annual cash flow comes to $4,735/yr on $140,888 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 8.05% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 120.33% and total cumulative return in cash reaches $169,529. For financing, Ziffy Mortgage’s DSCR program evaluates $2,850/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89815, Spring Creek, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,669 (100%) |
| Owner Occupied HU | 5,512 (82.7%) |
| Renter Occupied HU | 767 (11.5%) |
| Vacant Housing Units | 390 ( 5.8%) |
| Median Home Value | $341,377 |
| Average Home Value | $375,005 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,691
Multi-Family
0
Businesses
79
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Listed by: Dea Mitton • Allie Bear Real Estate
Mls Name: ECMLS
Mls ID: #3627167