1511 Cardinal Peak Ln UNIT 101Las VegasNV89144
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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 Las Vegas at 1511 Cardinal Peak Ln UNIT 101, Las Vegas, NV, 89144 generates $1,979/mo in rent, after a $1,958/mo payment. Total monthly income is $1,979/mo. Return on cash invested sits at 16.9% in year one, and rental yield is 5.94% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 86.17% and total cumulative return in cash sums $114,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,979/mo property income rather than buyer’s personal income.
Condo
Built in 2000
5,776 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89144, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,162 (100%) |
| Owner Occupied HU | 5,221 (64.0%) |
| Renter Occupied HU | 2,382 (29.2%) |
| Vacant Housing Units | 559 ( 6.8%) |
| Median Home Value | $591,201 |
| Average Home Value | $705,273 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
6,264
Multi-Family
1,972
Businesses
179
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