6850 Sharlands Ave UNIT H2047RenoNV89523
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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 UNIT H2047, Reno, NV, 89523 offers a 10.5% rental yield on a $229,500 purchase with $2,009/mo rent. Total monthly income registers $2,009/mo, and a $1,123/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,955/yr on $76,079 to close, and return on cash invested stands at 23.79% in year one. Equity gained on principal adds $1,481/yr while 5% annual appreciation supports $63,407 over five years. Portfolio math shows five-year ROI at 125.66% and total cumulative return in cash at $95,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,009/mo property income against a $1,123/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
696.96 sqft lot
$N/A/sqft
$437 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: Debra Calvan • Coldwell Banker Select Reno
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240011644
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