3425 E Russell Rd UNIT 121Paradise TownNV89120
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3425 E Russell Rd UNIT 121, Paradise Town, NV, 89120 in Paradise Town at $248,900 earns $1,858/mo in rent and nets $167/mo after the $1,119/mo payment, a 8.96% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $68,766 over five years. Ziffy Mortgage underwrites this on a 1.66 DSCR without U.S. credit history. With $2,292/yr in principal paydown, total projected return reaches $105,828.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $167 | $1,200 |
City averages based on Paradise Town market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,858 |
| Total Monthly Debt Service | $1,592 |
| DSCR Ratio | 1.17x |
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
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices