960 Cherry Tree Dr APT 2SparksNV89434
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cherry Tree Dr APT 2, Sparks, NV, 89434 listed at $294,100 pairs $2,573/mo rent with a $1,439/mo payment to leave $874/mo cash flow. Total monthly income runs $2,573/mo, and annual cash flow reaches $10,491/yr on $97,494 cash to close. Return on cash invested measures 30.67% in year one, and rental yield registers 10.5% at a $294,100 basis. Equity gained on principal adds $1,898/yr, and annual property appreciation at 5% supports $81,254 by year five. Five-year ROI tracks 160.04% and total cumulative return in cash totals $156,031. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,573/mo property income relative to a $1,439/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89434, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,454 (100%) |
| Owner Occupied HU | 7,167 (57.5%) |
| Renter Occupied HU | 4,762 (38.2%) |
| Vacant Housing Units | 525 ( 4.2%) |
| Median Home Value | $490,172 |
| Average Home Value | $559,981 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
8,809
Multi-Family
2,743
Businesses
480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices