1617 Paradise Reef 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 1617 Paradise Reef Ave, North Las Vegas, NV, 89031 listed at $485,000 pairs $3,077/mo rent with a $2,374/mo payment to leave $275/mo cash flow. Total monthly income runs $3,077/mo, and annual cash flow reaches $3,295/yr on $160,778 cash to close. Return on cash invested measures 21.96% in year one, and rental yield registers 7.61% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 113.3% and total cumulative return in cash totals $182,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,077/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
6,534 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: Bryant K. Adarme • Vegas One Realty
Mls Name: LVR
Mls Provider:
Mls ID: #2707255
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 Las Vegas REALTORS MLS. All rights reserved. [Click here for more information](/mls-disclaimers/#25)