405 Paradise Pkwy UNIT 290MesquiteNV89027
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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 Mesquite at 405 Paradise Pkwy UNIT 290, Mesquite, NV, 89027 uses $96,334 cash to close to unlock $2,968/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $1,422/mo payment keeps the spread at $247/mo. Purchase price stands at $290,600, and rental yield measures 7.95% with $1,926/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $80,287 over five years. Five-year ROI reaches 118.84% and total cumulative return in cash records $114,481. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $1,422/mo payment rather than investor’s personal income.
Condo
Built in 2002
5,151 sqft lot
$N/A/sqft
No 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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