7424 Spey DrRenoNV89506
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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 7424 Spey Dr, Reno, NV, 89506 with 5% annual appreciation on a $419,900 basis while $2,256/mo rent supports operations. 44% in year one. Equity gained on principal adds $2,710/yr, and five-year appreciation sums $116,011 alongside rental yield of 6.45%. Five-year ROI measures 94.48% and total cumulative return in cash totals $131,508. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,256/mo property income versus a $2,055/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89506, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,872 (100%) |
| Owner Occupied HU | 12,467 (69.8%) |
| Renter Occupied HU | 4,575 (25.6%) |
| Vacant Housing Units | 830 ( 4.6%) |
| Median Home Value | $466,488 |
| Average Home Value | $527,550 |
Housing Distribution
Address Breakdown
Residential
17,169
Single Family
16,944
Multi-Family
225
Businesses
735
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Listed by: Miranda Vaulet • RE/MAX Professionals-Reno
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250004748
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