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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mesquite at 848 Joshua Dr, Mesquite, NV, 89027 priced at $275,000 pairs $1,896/mo rent with $220/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,896/mo, and annual cash flow comes to $2,641/yr on $91,163 invested. Return on cash invested is 22.81% in year one, and rental yield stands at 8.27% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 118.3% and total cumulative return in cash reaches $107,843. For financing, Ziffy Mortgage’s DSCR program evaluates $1,896/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
3,484 sqft lot
$N/A/sqft
$87 month HOA
Neighborhood data shown for ZIP Code: 89027, Mesquite, NV area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,417 (100%) |
| Owner Occupied HU | 6,777 (65.1%) |
| Renter Occupied HU | 2,057 (19.7%) |
| Vacant Housing Units | 1,583 (15.2%) |
| Median Home Value | $437,085 |
| Average Home Value | $464,519 |
Residential
9,190
Single Family
8,960
Multi-Family
230
Businesses
450
Date | Event | Price |
|---|---|---|
| 2025-02-17 | Listed for sale | $275,000 |
| 2024-03-03 | Listing removed | N/A |
| 2023-12-08 | Listed for sale | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-24 | $879.02 | 2.99% | $61,163 | 14.08% |
| 2023-02-24 | $853.53 | 2.99% | $53,613 | 5.30% |
| 2022-02-24 | $828.76 | 3.20% | $50,916 | 2.51% |
Listed by: Alexander Gutierrez • ERA Brokers Consolidated, Inc.
Mls Name: Mesquite MLS
Mls Provider:
Mls ID: #1126178
Disclaimer: Copyright Mesquite Real Estate Association. All rights reserved. Information is deemed reliable but not guaranteed.
