249 E Hobson StSearchlightNV89046
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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 Searchlight at 249 E Hobson St, Searchlight, NV, 89046 earns $287/mo cash flow from $1,000/mo rent with a $604/mo payment. Total monthly income totals $1,000/mo, and annual cash flow totals $3,443/yr on $40,940 capital. ROI tracks 28.32% on current figures, and rental yield reads 9.72% at a $123,500 purchase. Equity gained on principal adds $797/yr, and 5% annual appreciation supports $34,121 over five years. Five-year ROI reaches 147.41% and total cumulative return in cash sums $60,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,000/mo property income instead of your personal income.
Manufactured
Built in 1972
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89046, Searchlight, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 431 (100%) |
| Owner Occupied HU | 140 (32.5%) |
| Renter Occupied HU | 144 (33.4%) |
| Vacant Housing Units | 147 (34.1%) |
| Median Home Value | $77,273 |
| Average Home Value | $211,804 |
Housing Distribution
Address Breakdown
Residential
40
Single Family
40
Multi-Family
0
Businesses
23
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Nearby investment properties with comparable prices
Listed by: Ellen Ross • Compass Realty & Management
Mls Name: GLVAR
Mls Provider:
Mls ID: #2670596
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