7740 Lobo CtSparksNV89436
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.31% yield at 7740 Lobo Ct, Sparks, NV, 89436 in Sparks is solid, but the $3,147/mo payment compresses net cash flow to $156/mo at $699,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $193,369 by year five, and $6,446/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.35) without U.S. income documentation. Total projected return: $278,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.0% |
| Monthly Cash Flow | $156 | $300 |
City averages based on Sparks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,261 |
| Total Monthly Debt Service | $3,765 |
| DSCR Ratio | 1.13x |
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 1999
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89436, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,310 (100%) |
| Owner Occupied HU | 15,470 (72.6%) |
| Renter Occupied HU | 4,416 (20.7%) |
| Vacant Housing Units | 1,424 ( 6.7%) |
| Median Home Value | $590,813 |
| Average Home Value | $620,489 |
Housing Distribution
Address Breakdown
Residential
19,611
Single Family
17,341
Multi-Family
2,270
Businesses
408
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 1999
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89436, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,310 (100%) |
| Owner Occupied HU | 15,470 (72.6%) |
| Renter Occupied HU | 4,416 (20.7%) |
| Vacant Housing Units | 1,424 ( 6.7%) |
| Median Home Value | $590,813 |
| Average Home Value | $620,489 |
Housing Distribution
Address Breakdown
Residential
19,611
Single Family
17,341
Multi-Family
2,270
Businesses
408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices