1320 Red Gable Ln Unit 203Las VegasNV89144
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1320 Red Gable Ln Unit 203, Las Vegas, NV, 89144 in Las Vegas is narrow, $21/mo net on $2,122/mo rent after the $1,304/mo debt service, but the property operates at break-even-plus, not a loss. At $290,000 with a 8.78% yield, the long-run equity case via 5% appreciation ($80,122 over five years) and $2,671/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.63 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $138,176.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.2% |
| Monthly Cash Flow | $21 | $850 |
City averages based on Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,122 |
| Total Monthly Debt Service | $1,560 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89144, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,162 (100%) |
| Owner Occupied HU | 5,221 (64.0%) |
| Renter Occupied HU | 2,382 (29.2%) |
| Vacant Housing Units | 559 ( 6.8%) |
| Median Home Value | $591,201 |
| Average Home Value | $705,273 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
6,264
Multi-Family
1,972
Businesses
179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89144, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,162 (100%) |
| Owner Occupied HU | 5,221 (64.0%) |
| Renter Occupied HU | 2,382 (29.2%) |
| Vacant Housing Units | 559 ( 6.8%) |
| Median Home Value | $591,201 |
| Average Home Value | $705,273 |
Housing Distribution
Address Breakdown
Residential
8,236
Single Family
6,264
Multi-Family
1,972
Businesses
179
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices