8248 Apple Spice StLas VegasNV89143
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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 Las Vegas at 8248 Apple Spice St, Las Vegas, NV, 89143 generates $2,240/mo in rent and, after a $1,897/mo payment, leaves $1/mo in cash flow. Total monthly income is $2,240/mo, and annual cash flow is $9/yr on $128,456 invested. Return on cash invested sits at 19.92% in year one, and rental yield is 6.94% on a $387,500 entry. Equity gained on principal adds $2,500/yr, while 5% annual appreciation builds toward $107,059 over five years. Five-year ROI reaches 102.34% and total cumulative return in cash sums $131,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,240/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89143, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,162 (100%) |
| Owner Occupied HU | 4,101 (79.4%) |
| Renter Occupied HU | 947 (18.3%) |
| Vacant Housing Units | 114 ( 2.2%) |
| Median Home Value | $470,161 |
| Average Home Value | $519,564 |
Housing Distribution
Address Breakdown
Residential
4,794
Single Family
4,794
Multi-Family
0
Businesses
30
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