11280 Granite Ridge Dr UNIT 1057SummerlinNV89135
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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 Summerlin at 11280 Granite Ridge Dr UNIT 1057, Summerlin, NV, 89135 generates $3,180/mo in rent, after a $7,821/mo payment. Total monthly income is $3,180/mo. Return on cash invested sits at 6.34% in year one, and rental yield is 2.39% on a $1,598,000 entry. Equity gained on principal adds $10,312/yr, while 5% annual appreciation builds toward $441,498 over five years. Five-year ROI reaches 29.44% and total cumulative return in cash sums $152,411. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,180/mo property income rather than buyer’s personal income.
Townhouse
Built in 2008
6,290 sqft 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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