ZIP CODE 89121 // LAS VEGAS-HENDERSON-PARADISE, NV // DATA AS OF 2026-09-30
Las Vegas, NV (89121) Rental Property Cap Rate & Cash Flow Report
Located in Clark County (Las Vegas, NV), Zip Code 89121 ranks #280 of 500 nationally (44th percentile) with a Zillow ZHVI typical acquisition price of $349,181 (-1.8% YoY) and a ZORI observed market rent of $1,316/mo (-1.3% YoY). Requires at least 61.0% down payment at 6.5% interest to reach $0/mo break-even cash flow.
Net Monthly Cash Flow
-$906/mo
Annual: -$10,870/yr
Net Cap Rate
2.95%
NOI: $10,318/yr
Cash-on-Cash Return
-13.53%
Cash Needed: $80,312
1% Rule Ratio
0.38%
Gross Yield: 4.52%
Break-Even Rent
$2,357/mo
State Tax: 0.48%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 89121 BENCHMARK)
Edit any value
Purchase Price (ZHVI Median)
Monthly Gross Rent (ZORI Median)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NV Avg 0.48%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,766/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$456/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (89121)
| Year | Median Price | Median Rent | Gross Yield |
|---|---|---|---|
| 2021 | $290,404 | $1,276/mo | 5.27% |
| 2022 | $354,596 | $1,355/mo | 4.59% |
| 2023 | $334,487 | $1,319/mo | 4.73% |
| 2024 | $359,490 | $1,335/mo | 4.46% |
| 2025 | $355,597 | $1,333/mo | 4.50% |
| 2026 | $349,181 | $1,316/mo | 4.52% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 89110 Las Vegas, NV | $355,230 | $1,312/mo | 2.88% | -$945/mo |
| 89108 Las Vegas, NV | $353,529 | $1,434/mo | 3.25% | -$829/mo |
| 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 |
| 89031 North Las Vegas, NV | $406,658 | $2,048/mo | 4.28% | -$607/mo |
| 92154 San Diego, CA | $745,539 | $2,971/mo | 2.95% | -$1,937/mo |