1559 Lake Placid Ter #1559HendersonNV89014
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Henderson at 1559 Lake Placid Ter #1559, Henderson, NV, 89014 uses $89,472 cash to close to unlock $4,303/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,918/mo, and a $1,321/mo payment keeps the spread at $359/mo. Purchase price stands at $269,900, and rental yield measures 8.53% with $1,918/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 128.12% and total cumulative return in cash records $114,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Condo
Built in 1995
2,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89014, Henderson, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,284 (100%) |
| Owner Occupied HU | 8,213 (47.5%) |
| Renter Occupied HU | 8,257 (47.8%) |
| Vacant Housing Units | 814 ( 4.7%) |
| Median Home Value | $467,938 |
| Average Home Value | $510,239 |
Housing Distribution
Address Breakdown
Residential
17,268
Single Family
10,235
Multi-Family
7,033
Businesses
1,311
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices