6220 Willis StPahrumpNV89048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pahrump at 6220 Willis St, Pahrump, NV, 89048 priced at $210,000 converts $1,838/mo rent into $625/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,838/mo, and annual cash flow totals $7,494/yr on $69,615 invested. Return on cash invested prints 30.67% in year one, and rental yield reads 10.5% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 160.06% and total cumulative return in cash sums $111,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,838/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Manufactured
Built in 1972
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89048, Pahrump, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,653 (100%) |
| Owner Occupied HU | 8,562 (67.7%) |
| Renter Occupied HU | 2,943 (23.3%) |
| Vacant Housing Units | 1,148 ( 9.1%) |
| Median Home Value | $320,864 |
| Average Home Value | $346,375 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
10,082
Multi-Family
94
Businesses
554
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Listed by: Irma Moreno • LPT Realty, LLC
Mls Name: GLVAR
Mls Provider:
Mls ID: #2632199
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