38 E Serene Ave UNIT 437Las VegasNV89123
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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 Las Vegas at 38 E Serene Ave UNIT 437, Las Vegas, NV, 89123 generates $1,894/mo in rent, after a $2,203/mo payment. Total monthly income is $1,894/mo. Return on cash invested sits at 11.86% in year one, and rental yield is 5.05% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 60.01% and total cumulative return in cash sums $89,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,894/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$294 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89123, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,907 (100%) |
| Owner Occupied HU | 13,877 (51.6%) |
| Renter Occupied HU | 11,003 (40.9%) |
| Vacant Housing Units | 2,027 ( 7.5%) |
| Median Home Value | $461,252 |
| Average Home Value | $499,011 |
Housing Distribution
Address Breakdown
Residential
23,540
Single Family
16,483
Multi-Family
7,057
Businesses
1,163
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Listed by: Kimberly Guevarra-Hamilton • Galindo Group Real Estate
Mls Name: LVR
Mls Provider:
Mls ID: #2709763
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 Las Vegas REALTORS MLS. All rights reserved. [Click here for more information](/mls-disclaimers/#25)