3522 Shonna WayNorth Las VegasNV89032
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderNot flashy, but dependably profitable, 3522 Shonna Way, North Las Vegas, NV, 89032 in North Las Vegas is listed at $455,000 and delivers $2,421/mo in rent and $361/mo in net monthly cash flow. The 7.93% yield and 1.18 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $125,708 over five years, and $4,191/yr in principal reduction supplements cash return. Total projected cumulative return: $157,654.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.8% |
| Monthly Cash Flow | $361 | $320 |
City averages based on North Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,421 |
| Total Monthly Debt Service | $2,460 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1994
7,840 sqft lot
$N/A/sqft
$35 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89032, North Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,993 (100%) |
| Owner Occupied HU | 10,276 (60.5%) |
| Renter Occupied HU | 6,247 (36.8%) |
| Vacant Housing Units | 470 ( 2.8%) |
| Median Home Value | $385,231 |
| Average Home Value | $442,415 |
Housing Distribution
Address Breakdown
Residential
15,939
Single Family
13,709
Multi-Family
2,230
Businesses
918
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
Single Family
Built in 1994
7,840 sqft lot
$N/A/sqft
$35 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89032, North Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,993 (100%) |
| Owner Occupied HU | 10,276 (60.5%) |
| Renter Occupied HU | 6,247 (36.8%) |
| Vacant Housing Units | 470 ( 2.8%) |
| Median Home Value | $385,231 |
| Average Home Value | $442,415 |
Housing Distribution
Address Breakdown
Residential
15,939
Single Family
13,709
Multi-Family
2,230
Businesses
918
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Lasica • ERA Brokers Consolidated
Mls Name: LVR
Mls Provider:
Mls ID: #2682688
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