3327 Erva St Unit 207Spring ValleyNV89117
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3327 Erva St Unit 207, Spring Valley, NV, 89117 in Spring Valley at $309,000 earns $2,166/mo in rent and nets $121/mo after the $1,389/mo payment, a 8.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $85,371 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $2,846/yr in principal paydown, total projected return reaches $141,188.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $121 | $420 |
City averages based on Spring Valley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,166 |
| Total Monthly Debt Service | $1,662 |
| DSCR Ratio | 1.30x |
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 1998
10,267 sqft 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
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 1998
10,267 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zheng Wu • Keller Williams MarketPlace
Mls Name: LVR
Mls ID: #2753655