838 Ouderkirk AveElkoNV89801
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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
Rental property for sale in Elko at 838 Ouderkirk Ave, Elko, NV, 89801 offers $1,780/mo rent that, after a $1,273/mo payment, leaves $277/mo cash flow. Total monthly income is $1,780/mo, and annual cash flow is $3,328/yr on $86,190 cash. Return on cash invested measures 23.77% in year one, and rental yield stands at 8.22% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 123.06% and total cumulative return in cash reaches $106,061. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,780/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89801, Elko, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,807 (100%) |
| Owner Occupied HU | 6,452 (59.7%) |
| Renter Occupied HU | 3,506 (32.4%) |
| Vacant Housing Units | 849 ( 7.9%) |
| Median Home Value | $337,031 |
| Average Home Value | $386,280 |
Housing Distribution
Address Breakdown
Residential
10,290
Single Family
9,892
Multi-Family
398
Businesses
1,044
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Listed by: Lyndsey Cortez • Trinity Realty
Mls Name: ECMLS
Mls ID: #3626227
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.