11280 Granite Ridge Dr UNIT 1075SummerlinNV89135
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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 11280 Granite Ridge Dr UNIT 1075, Summerlin, NV, 89135 listed at $1,065,000 pairs $2,462/mo rent with a $5,213/mo payment. Total monthly income runs $2,462/mo. Return on cash invested measures 7.53% in year one, and rental yield registers 2.77% at a $1,065,000 basis. Equity gained on principal adds $6,872/yr, and annual property appreciation at 5% supports $294,240 by year five. Five-year ROI tracks 35.82% and total cumulative return in cash totals $123,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,462/mo property income relative to a $5,213/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2020
N/A 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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