8501 W University Ave UNIT 1057Spring ValleyNV89147
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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 Spring Valley at 8501 W University Ave UNIT 1057, Spring Valley, NV, 89147 generates $1,726/mo in rent and, after a $1,199/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,726/mo, and annual cash flow is $3,727/yr on $81,218 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 8.45% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 126.93% and total cumulative return in cash sums $103,092. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,726/mo property income rather than buyer’s personal income.
Condo
Built in 1999
4,965 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89147, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,421 (100%) |
| Owner Occupied HU | 11,731 (50.1%) |
| Renter Occupied HU | 10,564 (45.1%) |
| Vacant Housing Units | 1,126 ( 4.8%) |
| Median Home Value | $438,068 |
| Average Home Value | $470,705 |
Housing Distribution
Address Breakdown
Residential
22,702
Single Family
15,111
Multi-Family
7,591
Businesses
987
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Listed by: Vennetta A. Douglas • Limestone Investments LLC
Mls Name: LVR
Mls ID: #2748129