2240 Highpointe Dr APT 102LaughlinNV89029
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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 Laughlin at 2240 Highpointe Dr APT 102, Laughlin, NV, 89029 offers a 9.83% rental yield on a $174,900 purchase with $1,433/mo rent. Total monthly income registers $1,433/mo, and a $856/mo payment leaves $123/mo available for distribution. Annual cash flow reaches $1,470/yr on $57,979 to close, and return on cash invested stands at 22.44% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 118.18% and total cumulative return in cash at $68,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,433/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
6,747 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89029, Laughlin, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,675 (100%) |
| Owner Occupied HU | 2,373 (41.8%) |
| Renter Occupied HU | 2,254 (39.7%) |
| Vacant Housing Units | 1,048 (18.5%) |
| Median Home Value | $342,023 |
| Average Home Value | $363,050 |
Housing Distribution
Address Breakdown
Residential
5,145
Single Family
3,135
Multi-Family
2,010
Businesses
122
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Listed by: Andrea L. Sindelar • River City Realty
Mls Name: GLVAR
Mls Provider:
Mls ID: #2619495
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