20 E Serene Ave UNIT 404Las VegasNV89123
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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 Las Vegas at 20 E Serene Ave UNIT 404, Las Vegas, NV, 89123 uses $101,108 cash to close to unlock $2,443/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,493/mo payment keeps the spread at $204/mo. Purchase price stands at $305,000, and rental yield measures 7.74% with $1,966/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 115.28% and total cumulative return in cash records $116,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 2007
1,146 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89123, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,907 (100%) |
| Owner Occupied HU | 13,877 (51.6%) |
| Renter Occupied HU | 11,003 (40.9%) |
| Vacant Housing Units | 2,027 ( 7.5%) |
| Median Home Value | $461,252 |
| Average Home Value | $499,011 |
Housing Distribution
Address Breakdown
Residential
23,540
Single Family
16,483
Multi-Family
7,057
Businesses
1,163
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