ZIP CODE 89031 // LAS VEGAS-HENDERSON-PARADISE, NV // DATA AS OF 2026-09-30
North Las Vegas, NV (89031) Rental Property Cap Rate & Cash Flow Report
Located in Clark County (North Las Vegas, NV), Zip Code 89031 ranks #109 of 500 within this selected sample (78th percentile) with a Zillow ZHVI typical home-value index of $406,658 (-1.3% YoY) and a ZORI observed market rent of $2,048/mo (-0.4% YoY). Requires at least 43.6% 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
-$607/mo
Annual: -$7,279/yr
Modeled Cap Rate
4.28%
NOI: $17,396/yr
Cash-on-Cash Return
-7.78%
Cash Needed: $93,531
1% Rule Ratio
0.50%
Gross Yield: 6.04%
Break-Even Rent
$2,745/mo
State Tax: 0.48%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 89031 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NV Avg 0.48%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,056/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$598/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (89031)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $349,775 | $1,801/mo | 6.18% |
| 2022 | $424,730 | $1,938/mo | 5.48% |
| 2023 | $392,044 | $1,959/mo | 6.00% |
| 2024 | $415,079 | $2,003/mo | 5.79% |
| 2025 | $412,005 | $2,056/mo | 5.99% |
| 2026 | $406,658 | $2,048/mo | 6.04% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 89115 North Las Vegas, NV | $322,027 | $1,358/mo | 3.42% | -$710/mo |
| 89148 Las Vegas, NV | $462,901 | $1,901/mo | 3.31% | -$1,065/mo |
| 89108 Las Vegas, NV | $353,529 | $1,434/mo | 3.25% | -$829/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 |
| 93230 Hanford, CA | $381,670 | $2,008/mo | 4.28% | -$568/mo |