7700 Essex WayRenoNV89506
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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 7700 Essex Way, Reno, NV, 89506 offers a 9.53% rental yield on a $320,000 purchase with $2,540/mo rent. Total monthly income registers $2,540/mo, and a $1,566/mo payment leaves $691/mo available for distribution. Annual cash flow reaches $8,296/yr on $106,080 to close, and return on cash invested stands at 27.73% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 144.27% and total cumulative return in cash at $153,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,540/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,583 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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