841 Washington StRenoNV89503
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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 Reno at 841 Washington St, Reno, NV, 89503 priced at $701,000 converts $2,525/mo rent into after a $3,431/mo obligation. Total monthly income equals $2,525/mo. Return on cash invested prints 12.12% in year one, and rental yield reads 4.32% against a $701,000 entry. Equity gained on principal adds $4,523/yr, while 5% annual appreciation compiles into $193,673 by year five. Five-year ROI reaches 60.52% and total cumulative return in cash sums $139,566. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,525/mo property income covering a $3,431/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89503, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,891 (100%) |
| Owner Occupied HU | 6,014 (43.3%) |
| Renter Occupied HU | 6,842 (49.3%) |
| Vacant Housing Units | 1,035 ( 7.5%) |
| Median Home Value | $491,907 |
| Average Home Value | $559,867 |
Housing Distribution
Address Breakdown
Residential
12,606
Single Family
10,268
Multi-Family
2,338
Businesses
607
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