870 Jennys LnFernleyNV89408
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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 Fernley at 870 Jennys Ln, Fernley, NV, 89408 priced at $329,900 converts $2,280/mo rent into $374/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,280/mo, and annual cash flow totals $4,483/yr on $109,362 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 8.29% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 124.29% and total cumulative return in cash sums $135,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89408, Fernley, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,552 (100%) |
| Owner Occupied HU | 6,617 (69.3%) |
| Renter Occupied HU | 2,502 (26.2%) |
| Vacant Housing Units | 433 ( 4.5%) |
| Median Home Value | $369,852 |
| Average Home Value | $401,265 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,996
Multi-Family
98
Businesses
490
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