ZIP CODE 89108 // LAS VEGAS-HENDERSON-PARADISE, NV // DATA AS OF 2026-09-30
Las Vegas, NV (89108) Rental Property Cap Rate & Cash Flow Report
Located in Clark County (Las Vegas, NV), Zip Code 89108 ranks #235 of 500 within this selected sample (53th percentile) with a Zillow ZHVI typical home-value index of $353,529 (-2.2% YoY) and a ZORI observed market rent of $1,434/mo (0.0% YoY). Requires at least 57.1% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$829/mo
Annual: -$9,946/yr
Modeled Cap Rate
3.25%
NOI: $11,506/yr
Cash-on-Cash Return
-12.23%
Cash Needed: $81,312
1% Rule Ratio
0.41%
Gross Yield: 4.87%
Break-Even Rent
$2,387/mo
State Tax: 0.48%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 89108 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NV Avg 0.48%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,788/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$475/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (89108)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $296,469 | $1,402/mo | 5.67% |
| 2022 | $363,855 | $1,435/mo | 4.73% |
| 2023 | $341,317 | $1,412/mo | 4.96% |
| 2024 | $367,523 | $1,432/mo | 4.68% |
| 2025 | $361,318 | $1,434/mo | 4.76% |
| 2026 | $353,529 | $1,434/mo | 4.87% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 89148 Las Vegas, NV | $462,901 | $1,901/mo | 3.31% | -$1,065/mo |
| 89115 North Las Vegas, NV | $322,027 | $1,358/mo | 3.42% | -$710/mo |
| 89121 Las Vegas, NV | $349,181 | $1,316/mo | 2.95% | -$906/mo |
| 89110 Las Vegas, NV | $355,230 | $1,312/mo | 2.88% | -$945/mo |
| 89031 North Las Vegas, NV | $406,658 | $2,048/mo | 4.28% | -$607/mo |
| 20906 Silver Spring, MD | $436,799 | $1,979/mo | 3.26% | -$1,022/mo |