3425 E Russell Rd UNIT 121Paradise 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
Investment property for sale in Paradise Town at 3425 E Russell Rd UNIT 121, Paradise Town, NV, 89120 uses $82,510 cash to close to unlock $2,006/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $1,218/mo payment keeps the spread at $167/mo. Purchase price stands at $248,900, and rental yield measures 8.96% with $1,858/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $68,766 over five years. Five-year ROI reaches 116.71% and total cumulative return in cash records $96,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $1,218/mo payment rather than investor’s personal income.
Condo
Built in 1998
4,935 sqft lot
$N/A/sqft
$253 monthly 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: Larry N. Gurganus Jr • LG Realty & Investments
Mls Name: GLVAR
Mls Provider:
Mls ID: #2649542
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