ZIP CODE 89148 // LAS VEGAS-HENDERSON-PARADISE, NV // DATA AS OF 2026-09-30
Las Vegas, NV (89148) Rental Property Cap Rate & Cash Flow Report
Located in Clark County (Las Vegas, NV), Zip Code 89148 ranks #226 of 500 within this selected sample (55th percentile) with a Zillow ZHVI typical home-value index of $462,901 (-4.2% YoY) and a ZORI observed market rent of $1,901/mo (+2.2% YoY). Requires at least 56.4% 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
-$1,065/mo
Annual: -$12,779/yr
Modeled Cap Rate
3.31%
NOI: $15,309/yr
Cash-on-Cash Return
-12.00%
Cash Needed: $106,467
1% Rule Ratio
0.41%
Gross Yield: 4.93%
Break-Even Rent
$3,125/mo
State Tax: 0.48%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 89148 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NV Avg 0.48%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,341/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$625/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (89148)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $413,569 | $1,787/mo | 5.19% |
| 2022 | $492,297 | $1,863/mo | 4.54% |
| 2023 | $456,295 | $1,852/mo | 4.87% |
| 2024 | $485,460 | $1,866/mo | 4.61% |
| 2025 | $482,994 | $1,860/mo | 4.62% |
| 2026 | $462,901 | $1,901/mo | 4.93% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 89108 Las Vegas, NV | $353,529 | $1,434/mo | 3.25% | -$829/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 |
| 95747 Roseville, CA | $664,852 | $2,883/mo | 3.32% | -$1,524/mo |