6850 Sharlands Ave #2117RenoNV89523
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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 6850 Sharlands Ave #2117, Reno, NV, 89523 listed at $249,900 pairs $2,009/mo rent with a $1,223/mo payment to leave $147/mo cash flow. Total monthly income runs $2,009/mo, and annual cash flow reaches $1,767/yr on $82,842 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 9.65% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 115.96% and total cumulative return in cash totals $96,062. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,009/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
871.20 sqft lot
$N/A/sqft
$418 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89523, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,512 (100%) |
| Owner Occupied HU | 9,333 (56.5%) |
| Renter Occupied HU | 6,547 (39.6%) |
| Vacant Housing Units | 632 ( 3.8%) |
| Median Home Value | $618,024 |
| Average Home Value | $664,197 |
Housing Distribution
Address Breakdown
Residential
16,968
Single Family
12,087
Multi-Family
4,881
Businesses
394
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Listed by: Stephanie Zapata • Real Broker LLC
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250001411
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