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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 861 Joshua Dr, Mesquite, NV, 89027 priced at $275,000 converts $2,214/mo rent into $542/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,214/mo, and annual cash flow totals $6,505/yr on $91,163 invested. Return on cash invested prints 27.04% in year one, and rental yield reads 9.66% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 141.02% and total cumulative return in cash sums $128,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,214/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1997
3,484 sqft lot
$N/A/sqft
$83 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 |
|---|---|---|
| 2025-02-15 | Price change | $275,000 |
| 2024-10-23 | Listed for sale | $289,000 |
| 2006-03-24 | Sold | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-24 | $945.64 | 2.99% | $66,334 | 13.59% |
| 2023-02-24 | $918.21 | 2.99% | $58,400 | 5.58% |
| 2022-02-24 | $891.56 | 3.19% | $55,314 | 2.33% |
Listed by: Jodi Hughes • ERA Brokers Consolidated, Inc.
Mls Name: Mesquite MLS
Mls Provider:
Mls ID: #1125817
Disclaimer: Copyright Mesquite Real Estate Association. All rights reserved. Information is deemed reliable but not guaranteed.
