1223 Cactus Needle AveNorth Las VegasNV89031
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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 North Las Vegas at 1223 Cactus Needle Ave, North Las Vegas, NV, 89031 listed at $408,900 pairs $2,504/mo rent with a $2,001/mo payment to leave $142/mo cash flow. Total monthly income runs $2,504/mo, and annual cash flow reaches $1,702/yr on $135,550 cash to close. Return on cash invested measures 21.16% in year one, and rental yield registers 7.35% at a $408,900 basis. Equity gained on principal adds $2,639/yr, and annual property appreciation at 5% supports $112,972 by year five. Five-year ROI tracks 109.02% and total cumulative return in cash totals $147,782. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,504/mo property income relative to a $2,001/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89031, North Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,760 (100%) |
| Owner Occupied HU | 18,425 (68.9%) |
| Renter Occupied HU | 7,533 (28.2%) |
| Vacant Housing Units | 802 ( 3.0%) |
| Median Home Value | $417,096 |
| Average Home Value | $434,077 |
Housing Distribution
Address Breakdown
Residential
26,181
Single Family
24,704
Multi-Family
1,477
Businesses
328
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Listed by: Michael P. Walter • LPT Realty, LLC
Mls Name: LVR
Mls ID: #2745126