315 N Nevada StSearchlightNV89046
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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 Searchlight at 315 N Nevada St, Searchlight, NV, 89046 priced at $125,000 converts $956/mo rent into $234/mo cash flow after a $612/mo obligation. Total monthly income equals $956/mo, and annual cash flow totals $2,803/yr on $41,438 invested. Return on cash invested prints 26.67% in year one, and rental yield reads 9.18% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 138.61% and total cumulative return in cash sums $57,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $956/mo property income covering a $612/mo payment, not borrower’s personal income.
Manufactured
Built in 1966
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
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Listed by: Eric M. Halberg • Blue Diamond Realty LLC
Mls Name: GLVAR
Mls ID: #2704042