3320 S Fort Apache Rd UNIT 218Spring ValleyNV89117
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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 Spring Valley at 3320 S Fort Apache Rd UNIT 218, Spring Valley, NV, 89117 generates $1,915/mo in rent and, after a $1,199/mo payment, leaves $500/mo in cash flow. Total monthly income is $1,915/mo, and annual cash flow is $5,996/yr on $81,184 invested. Return on cash invested sits at 27.29% in year one, and rental yield is 9.38% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 141.92% and total cumulative return in cash sums $115,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,915/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89117, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,747 (100%) |
| Owner Occupied HU | 12,007 (48.5%) |
| Renter Occupied HU | 11,684 (47.2%) |
| Vacant Housing Units | 1,056 ( 4.3%) |
| Median Home Value | $534,124 |
| Average Home Value | $615,380 |
Housing Distribution
Address Breakdown
Residential
25,062
Single Family
15,403
Multi-Family
9,659
Businesses
1,430
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Listed by: Melanie G. Higa • Rossum Realty Unlimited
Mls Name: LVR
Mls ID: #2704796