3008 Merritt AveLas VegasNV89102
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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 Las Vegas at 3008 Merritt Ave, Las Vegas, NV, 89102 uses $142,545 cash to close to unlock $7,634/yr annual cash flow and $636/mo monthly cash flow. Total monthly income runs $3,121/mo, and a $2,105/mo payment keeps the spread at $636/mo. Purchase price stands at $430,000, and rental yield measures 8.71% with $3,121/mo rent. Return on cash invested shows 25.26% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 131.03% and total cumulative return in cash records $186,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,121/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Single Family
Built in 1962
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89102, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,885 (100%) |
| Owner Occupied HU | 4,316 (27.2%) |
| Renter Occupied HU | 10,414 (65.6%) |
| Vacant Housing Units | 1,155 ( 7.3%) |
| Median Home Value | $422,592 |
| Average Home Value | $573,586 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
5,941
Multi-Family
9,641
Businesses
2,805
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