3047 Casey Dr UNIT 101Paradise TownNV89120
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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 Paradise Town at 3047 Casey Dr UNIT 101, Paradise Town, NV, 89120 offers a 9.58% rental yield on a $204,999 purchase with $1,637/mo rent. Total monthly income registers $1,637/mo, and a $1,003/mo payment leaves $143/mo available for distribution. Annual cash flow reaches $1,715/yr on $67,957 to close, and return on cash invested stands at 22.43% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,637 over five years. Portfolio math shows five-year ROI at 117.81% and total cumulative return in cash at $80,057. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,637/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
4,782 sqft lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89120, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,366 (100%) |
| Owner Occupied HU | 5,812 (56.1%) |
| Renter Occupied HU | 4,052 (39.1%) |
| Vacant Housing Units | 502 ( 4.8%) |
| Median Home Value | $442,122 |
| Average Home Value | $518,913 |
Housing Distribution
Address Breakdown
Residential
9,723
Single Family
6,496
Multi-Family
3,227
Businesses
2,035
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Listed by: Martin J. Ojeda • Rothwell Gornt Companies
Mls Name: LVR
Mls Provider:
Mls ID: #2736670
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 Las Vegas REALTORS MLS. All rights reserved. [Click here for more information](/mls-disclaimers/#25)