3681 Melonies Dr Unit 31Las VegasNV89103
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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 Las Vegas at 3681 Melonies Dr Unit 31, Las Vegas, NV, 89103 uses $66,267 cash to close to unlock $6,569/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,702/mo, and a $978/mo payment keeps the spread at $547/mo. Purchase price stands at $199,900, and rental yield measures 10.22% with $1,702/mo rent. Return on cash invested shows 29.82% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 155.5% and total cumulative return in cash records $103,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,702/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1984
2,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89103, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,117 (100%) |
| Owner Occupied HU | 7,419 (32.1%) |
| Renter Occupied HU | 13,609 (58.9%) |
| Vacant Housing Units | 2,089 ( 9.0%) |
| Median Home Value | $337,810 |
| Average Home Value | $354,100 |
Housing Distribution
Address Breakdown
Residential
21,869
Single Family
10,964
Multi-Family
10,905
Businesses
2,066
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