1029 Mineral Wells AveNorth Las VegasNV89086
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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 North Las Vegas at 1029 Mineral Wells Ave, North Las Vegas, NV, 89086 generates $2,191/mo in rent and, after a $1,664/mo payment, leaves $227/mo in cash flow. Total monthly income is $2,191/mo, and annual cash flow is $2,720/yr on $112,710 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 7.73% on a $339,999 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 115.25% and total cumulative return in cash sums $129,894. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,191/mo property income rather than buyer’s personal income.
Townhouse
Built in 2019
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89086, North Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,427 (100%) |
| Owner Occupied HU | 3,866 (71.2%) |
| Renter Occupied HU | 1,365 (25.2%) |
| Vacant Housing Units | 196 ( 3.6%) |
| Median Home Value | $428,247 |
| Average Home Value | $469,700 |
Housing Distribution
Address Breakdown
Residential
4,742
Single Family
3,436
Multi-Family
1,306
Businesses
62
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Listed by: Liliana E. Ramos • Simply Vegas
Mls Name: LVR
Mls ID: #2739060