3845 Wiggins Bay St UNIT 202Las VegasNV89129
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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 3845 Wiggins Bay St UNIT 202, Las Vegas, NV, 89129 uses $101,306 cash to close to unlock $565/yr annual cash flow and $47/mo monthly cash flow. Total monthly income runs $1,978/mo, and a $1,496/mo payment keeps the spread at $47/mo. Purchase price stands at $305,600, and rental yield measures 7.77% with $1,978/mo rent. Return on cash invested shows 20.47% in year one, and 5% annual appreciation builds toward $84,432 over five years. Five-year ROI reaches 106.04% and total cumulative return in cash records $107,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,978/mo property income covering a $1,496/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$165 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89129, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,474 (100%) |
| Owner Occupied HU | 13,904 (64.7%) |
| Renter Occupied HU | 6,850 (31.9%) |
| Vacant Housing Units | 720 ( 3.4%) |
| Median Home Value | $472,146 |
| Average Home Value | $538,871 |
Housing Distribution
Address Breakdown
Residential
21,206
Single Family
17,597
Multi-Family
3,609
Businesses
445
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