249 E Hobson StSearchlightNV89046
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 249 E Hobson St, Searchlight, NV, 89046 in Searchlight. Rental yield 0%. At $123,500 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $34,121 in new equity by year five, complemented by $1,137/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.80) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $65,070.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,000 |
| Total Monthly Debt Service | $664 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Listed by: Ellen Ross • Compass Realty & Management
Mls Name: GLVAR
Mls Provider:
Mls ID: #2670596
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