2124 Spanish Town 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 2124 Spanish Town Ave, North Las Vegas, NV, 89031 with 5% annual appreciation on a $512,000 basis while $3,202/mo rent supports operations. Total monthly income totals $3,202/mo and a $2,506/mo payment preserves $214/mo for cash returns. Annual cash flow comes to $2,565/yr on $168,448 deployed, and return on cash invested reaches 21.58% in year one. Equity gained on principal adds $3,304/yr, and five-year appreciation sums $141,456 alongside rental yield of 7.5%. Five-year ROI measures 111.31% and total cumulative return in cash totals $187,507.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,202/mo property income versus a $2,506/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
5,662 sqft lot
$N/A/sqft
$90 quarterly 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: Melissa B. Blazvick • Las Vegas Realty Professionals
Mls Name: GLVAR
Mls Provider:
Mls ID: #2645571
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