698 S Racetrack Rd UNIT 1114HendersonNV89015
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 698 S Racetrack Rd UNIT 1114, Henderson, NV, 89015 in Henderson deserves attention. This $252,000 property earns $2,183/mo in rent, a 10.39% gross yield, and nets $504/mo after the $1,133/mo payment. DSCR 1.93 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $69,623 compounds alongside $2,321/yr in yearly equity build, for a total cumulative return of $141,910.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 4.8% |
| Monthly Cash Flow | $504 | $1,850 |
City averages based on Henderson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,183 |
| Total Monthly Debt Service | $1,356 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89015, Henderson, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 10,908 (61.2%) |
| Renter Occupied HU | 6,121 (34.4%) |
| Vacant Housing Units | 786 ( 4.4%) |
| Median Home Value | $432,465 |
| Average Home Value | $471,842 |
Housing Distribution
Address Breakdown
Residential
17,237
Single Family
14,460
Multi-Family
2,777
Businesses
646
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
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89015, Henderson, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 10,908 (61.2%) |
| Renter Occupied HU | 6,121 (34.4%) |
| Vacant Housing Units | 786 ( 4.4%) |
| Median Home Value | $432,465 |
| Average Home Value | $471,842 |
Housing Distribution
Address Breakdown
Residential
17,237
Single Family
14,460
Multi-Family
2,777
Businesses
646
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices