5609 Indian Ridge DrNorth Las VegasNV89031
Nearby investment properties with comparable rents
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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 North Las Vegas at 5609 Indian Ridge Dr, North Las Vegas, NV, 89031 uses $145,860 cash to close to unlock $4,418/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $2,924/mo, and a $2,154/mo payment keeps the spread at $368/mo. Purchase price stands at $440,000, and rental yield measures 7.97% with $2,924/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 118.6% and total cumulative return in cash records $172,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,924/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 1989
6,969 sqft lot
$N/A/sqft
$158 annually 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: Chakits Krulsawat • Simply Vegas
Mls Name: GLVAR
Mls Provider:
Mls ID: #2705276
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