960 Adrian WaySparksNV89431
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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 Sparks at 960 Adrian Way, Sparks, NV, 89431 uses $75,914 cash to close to unlock $3,033/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,919/mo, and a $1,121/mo payment keeps the spread at $253/mo. Purchase price stands at $229,000, and rental yield measures 10.06% with $1,919/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 125.71% and total cumulative return in cash records $95,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,919/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 1979
435.60 sqft lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89431, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,074 (42.0%) |
| Renter Occupied HU | 8,987 (53.3%) |
| Vacant Housing Units | 799 ( 4.7%) |
| Median Home Value | $383,516 |
| Average Home Value | $472,222 |
Housing Distribution
Address Breakdown
Residential
15,835
Single Family
12,721
Multi-Family
3,114
Businesses
2,572
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Listed by: Diana Fowler Rogers • Sierra Sotheby's Intl. Realty
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250051278
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