5185 Indian River Dr UNIT 225Spring ValleyNV89103
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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 Spring Valley at 5185 Indian River Dr UNIT 225, Spring Valley, NV, 89103 uses $54,035 cash to close to unlock $1,788/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $798/mo payment keeps the spread at $149/mo. Purchase price stands at $163,000, and rental yield measures 9.81% with $1,333/mo rent. Return on cash invested shows 23.22% in year one, and 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 122.11% and total cumulative return in cash records $65,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $798/mo payment rather than investor’s personal income.
Condo
Built in 1982
4,138 sqft lot
$N/A/sqft
$242 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89103, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,117 (100%) |
| Owner Occupied HU | 7,419 (32.1%) |
| Renter Occupied HU | 13,609 (58.9%) |
| Vacant Housing Units | 2,089 ( 9.0%) |
| Median Home Value | $337,810 |
| Average Home Value | $354,100 |
Housing Distribution
Address Breakdown
Residential
21,869
Single Family
10,964
Multi-Family
10,905
Businesses
2,066
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Listed by: Kenya Posey • Keller Williams MarketPlace
Mls Name: LVR
Mls Provider:
Mls ID: #2717455
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)