3555 Meridale Dr UNIT 1141Spring ValleyNV89147
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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
Investment Highlights
Investment property for sale in Spring Valley at 3555 Meridale Dr UNIT 1141, Spring Valley, NV, 89147 earns $257/mo cash flow from $1,932/mo rent with a $1,419/mo payment. Total monthly income totals $1,932/mo, and annual cash flow totals $3,082/yr on $96,135 capital. ROI tracks 23.11% on current figures, and rental yield reads 7.99% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 119.5% and total cumulative return in cash sums $114,880. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,932/mo property income instead of your personal income.
Condo
Built in 1998
1,179 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89147, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,421 (100%) |
| Owner Occupied HU | 11,731 (50.1%) |
| Renter Occupied HU | 10,564 (45.1%) |
| Vacant Housing Units | 1,126 ( 4.8%) |
| Median Home Value | $438,068 |
| Average Home Value | $470,705 |
Housing Distribution
Address Breakdown
Residential
22,702
Single Family
15,111
Multi-Family
7,591
Businesses
987
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Listed by: Andrea Rodriguez • Virtue Real Estate Group
Mls Name: LVR
Mls ID: #2728726