7447 Findhorn DrRenoNV89506
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 7447 Findhorn Dr, Reno, NV, 89506 in Reno worth modelling. At $430,000 with a 7.02% gross yield, the $2,516/mo rent leaves $32/mo after the $1,934/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.30 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $118,801 by year five; $3,960/yr in principal reduction adds further equity. Total projected return: $164,325.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 4.8% |
| Monthly Cash Flow | $32 | $1,850 |
City averages based on Reno market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,516 |
| Total Monthly Debt Service | $2,313 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices