11238 Essence Point Ave UNIT 210SummerlinNV89135
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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 Summerlin at 11238 Essence Point Ave UNIT 210, Summerlin, NV, 89135 uses $145,860 cash to close to unlock $6,088/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $3,050/mo, and a $2,154/mo payment keeps the spread at $507/mo. Purchase price stands at $440,000, and rental yield measures 8.32% with $3,050/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 124.7% and total cumulative return in cash records $181,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,050/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Condo
Built in 2020
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89135, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,059 (100%) |
| Owner Occupied HU | 10,723 (66.8%) |
| Renter Occupied HU | 4,084 (25.4%) |
| Vacant Housing Units | 1,252 ( 7.8%) |
| Median Home Value | $654,189 |
| Average Home Value | $848,332 |
Housing Distribution
Address Breakdown
Residential
15,296
Single Family
13,157
Multi-Family
2,139
Businesses
505
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