698 S Racetrack Rd UNIT 1411HendersonNV89015
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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 Henderson at 698 S Racetrack Rd UNIT 1411, Henderson, NV, 89015 offers a 7.85% rental yield on a $259,800 purchase with $1,699/mo rent. Total monthly income registers $1,699/mo, and a $1,272/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,370/yr on $86,124 to close, and return on cash invested stands at 22.66% in year one. Equity gained on principal adds $1,676/yr while 5% annual appreciation supports $71,778 over five years. Portfolio math shows five-year ROI at 117.09% and total cumulative return in cash at $100,839. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,699/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
5,153 sqft 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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