ZIP CODE 89115 // LAS VEGAS-HENDERSON-PARADISE, NV // DATA AS OF 2026-09-30
North Las Vegas, NV (89115) Rental Property Cap Rate & Cash Flow Report
Located in Clark County (North Las Vegas, NV), Zip Code 89115 ranks #207 of 500 within this selected sample (59th percentile) with a Zillow ZHVI typical home-value index of $322,027 (-1.4% YoY) and a ZORI observed market rent of $1,358/mo (+1.6% YoY). Requires at least 54.9% 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
-$710/mo
Annual: -$8,519/yr
Modeled Cap Rate
3.42%
NOI: $11,022/yr
Cash-on-Cash Return
-11.50%
Cash Needed: $74,066
1% Rule Ratio
0.42%
Gross Yield: 5.06%
Break-Even Rent
$2,174/mo
State Tax: 0.48%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 89115 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NV Avg 0.48%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,628/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$440/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (89115)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $263,742 | $1,301/mo | 5.92% |
| 2022 | $327,823 | $1,324/mo | 4.85% |
| 2023 | $308,342 | $1,317/mo | 5.13% |
| 2024 | $330,418 | $1,318/mo | 4.79% |
| 2025 | $326,716 | $1,336/mo | 4.91% |
| 2026 | $322,027 | $1,358/mo | 5.06% |
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 |
| 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 |
| 89031 North Las Vegas, NV | $406,658 | $2,048/mo | 4.28% | -$607/mo |
| 92553 Moreno Valley, CA | $518,186 | $2,300/mo | 3.42% | -$1,142/mo |