1881 W Alexander Rd UNIT 1108North Las VegasNV89032
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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 1881 W Alexander Rd UNIT 1108, North Las Vegas, NV, 89032 uses $77,903 cash to close to unlock $2,597/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,574/mo, and a $1,150/mo payment keeps the spread at $216/mo. Purchase price stands at $235,000, and rental yield measures 8.04% with $1,574/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 120.2% and total cumulative return in cash records $93,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,574/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1999
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89032, North Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,993 (100%) |
| Owner Occupied HU | 10,276 (60.5%) |
| Renter Occupied HU | 6,247 (36.8%) |
| Vacant Housing Units | 470 ( 2.8%) |
| Median Home Value | $385,231 |
| Average Home Value | $442,415 |
Housing Distribution
Address Breakdown
Residential
15,939
Single Family
13,709
Multi-Family
2,230
Businesses
918
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Listed by: Edgar Renderos • United Realty Group
Mls Name: LVR
Mls ID: #2748427