378 Colleen Ct UNIT GMesquiteNV89027
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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
Rental property for sale in Mesquite at 378 Colleen Ct UNIT G, Mesquite, NV, 89027 priced at $230,000 pairs $1,595/mo rent with after a $1,126/mo payment. Total monthly income equals $1,595/mo. Return on cash invested is 18.51% in year one, and rental yield stands at 8.32% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 96.8% and total cumulative return in cash reaches $73,807. For financing, Ziffy Mortgage’s DSCR program evaluates $1,595/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1997
5,749 sqft lot
$N/A/sqft
$355 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89027, Mesquite, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,417 (100%) |
| Owner Occupied HU | 6,777 (65.1%) |
| Renter Occupied HU | 2,057 (19.7%) |
| Vacant Housing Units | 1,583 (15.2%) |
| Median Home Value | $437,085 |
| Average Home Value | $464,519 |
Housing Distribution
Address Breakdown
Residential
9,190
Single Family
8,960
Multi-Family
230
Businesses
450
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Listed by: Stephanie K. Cannon • RE/MAX Ridge Realty
Mls Name: GLVAR
Mls Provider:
Mls ID: #2655363
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