3123 Key Largo Dr Unit 101Paradise TownNV89120
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.93% yield at 3123 Key Largo Dr Unit 101, Paradise Town, NV, 89120 in Paradise Town is solid, but the $1,113/mo payment compresses net cash flow to $101/mo at $247,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $68,380 by year five, and $2,280/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.65) without U.S. income documentation. Total projected return: $119,877.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $101 | $1,200 |
City averages based on Paradise Town market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,841 |
| Total Monthly Debt Service | $1,332 |
| DSCR Ratio | 1.38x |
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.
Condo
Built in 1996
4,935 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1996
4,935 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Wong • Legacy Real Estate Group
Mls Name: LVR
Mls ID: #2743428