1201 Leonard AveLas VegasNV89106
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Las Vegas at 1201 Leonard Ave, Las Vegas, NV, 89106 uses $116,025 cash to close to unlock $886/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $2,096/mo, and a $1,713/mo payment keeps the spread at $74/mo. Purchase price stands at $350,000, and rental yield measures 7.19% with $2,096/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 106.39% and total cumulative return in cash records $123,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,096/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89106, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,387 (100%) |
| Owner Occupied HU | 3,625 (31.8%) |
| Renter Occupied HU | 7,178 (63.0%) |
| Vacant Housing Units | 584 ( 5.1%) |
| Median Home Value | $327,194 |
| Average Home Value | $369,597 |
Housing Distribution
Address Breakdown
Residential
9,194
Single Family
6,431
Multi-Family
2,763
Businesses
832
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