2470 Old Forge Ln APT 58WinchesterNV89121
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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 Winchester at 2470 Old Forge Ln APT 58, Winchester, NV, 89121 uses $65,637 cash to close to unlock $5,521/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $1,604/mo, and a $969/mo payment keeps the spread at $460/mo. Purchase price stands at $198,000, and rental yield measures 9.72% with $1,604/mo rent. Return on cash invested shows 28.32% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 147.47% and total cumulative return in cash records $96,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,604/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 1984
4,552 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89121, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,288 (100%) |
| Owner Occupied HU | 13,513 (46.1%) |
| Renter Occupied HU | 13,299 (45.4%) |
| Vacant Housing Units | 2,476 ( 8.5%) |
| Median Home Value | $355,882 |
| Average Home Value | $422,163 |
Housing Distribution
Address Breakdown
Residential
25,720
Single Family
18,538
Multi-Family
7,182
Businesses
1,349
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Listed by: Acaisa Smith • JMG Real Estate
Mls Name: LVR
Mls ID: #2735563