3906 Caribbean Blue AveNorth Las VegasNV89031
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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 North Las Vegas at 3906 Caribbean Blue Ave, North Las Vegas, NV, 89031 generates $2,832/mo in rent and, after a $2,202/mo payment, leaves $233/mo in cash flow. Total monthly income is $2,832/mo, and annual cash flow is $2,791/yr on $149,142 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 7.55% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 112.35% and total cumulative return in cash sums $167,554. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,832/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89031, North Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,760 (100%) |
| Owner Occupied HU | 18,425 (68.9%) |
| Renter Occupied HU | 7,533 (28.2%) |
| Vacant Housing Units | 802 ( 3.0%) |
| Median Home Value | $417,096 |
| Average Home Value | $434,077 |
Housing Distribution
Address Breakdown
Residential
26,181
Single Family
24,704
Multi-Family
1,477
Businesses
328
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Listed by: Amber M. Diskin • RE/MAX Legacy
Mls Name: LVR
Mls ID: #2750869