903 W 7th 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
Investment property for sale in Reno at 903 W 7th St, Reno, NV, 89503 listed at $850,000 pairs $2,785/mo rent with a $4,160/mo payment. Total monthly income runs $2,785/mo. Return on cash invested measures 10.94% in year one, and rental yield registers 3.93% at a $850,000 basis. Equity gained on principal adds $5,485/yr, and annual property appreciation at 5% supports $234,839 by year five. Five-year ROI tracks 54.17% and total cumulative return in cash totals $151,474. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,785/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1915
3,920 sqft 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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