698 S Racetrack Rd UNIT 124HendersonNV89015
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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
Rental property for sale in Henderson at 698 S Racetrack Rd UNIT 124, Henderson, NV, 89015 generates $2,126/mo in rent and, after a $1,253/mo payment, leaves $647/mo in cash flow. Total monthly income is $2,126/mo, and annual cash flow is $7,763/yr on $84,831 invested. Return on cash invested sits at 29.06% in year one, and rental yield is 9.97% on a $255,900 entry. Equity gained on principal adds $1,651/yr, while 5% annual appreciation builds toward $70,700 over five years. Five-year ROI reaches 151.36% and total cumulative return in cash sums $128,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,126/mo property income rather than buyer’s personal income.
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
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