56 E Serene Ave UNIT 124Las 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
Investment property for sale in Las Vegas at 56 E Serene Ave UNIT 124, Las Vegas, NV, 89123 uses $109,992 cash to close to unlock $551/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $2,411/mo, and a $1,624/mo payment keeps the spread at $46/mo. Purchase price stands at $331,800, and rental yield measures 8.72% with $2,411/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $91,670 over five years. Five-year ROI reaches 106.75% and total cumulative return in cash records $117,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,411/mo property income covering a $1,624/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$448 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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