3101 Casey Dr UNIT 204Paradise 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
Rental property for sale in Paradise Town at 3101 Casey Dr UNIT 204, Paradise Town, NV, 89120 generates $1,633/mo in rent and, after a $925/mo payment, leaves $541/mo in cash flow. Total monthly income is $1,633/mo, and annual cash flow is $6,493/yr on $62,654 invested. Return on cash invested sits at 30.27% in year one, and rental yield is 10.37% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 157.95% and total cumulative return in cash sums $98,962. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,633/mo property income rather than buyer’s personal income.
Condo
Built in 1995
4,805 sqft lot
$N/A/sqft
No 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: Ileana Danciu • BHHS Nevada Properties
Mls Name: LVR
Mls ID: #2721029