1381 E University Ave APT 102Las VegasNV89119
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 1381 E University Ave APT 102, Las Vegas, NV, 89119 in Las Vegas is narrow, $182/mo net on $1,136/mo rent after the $517/mo debt service, but the property operates at break-even-plus, not a loss. At $115,000 with a 11.86% yield, the long-run equity case via 5% appreciation ($31,772 over five years) and $1,059/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.20 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $73,799.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 5.2% |
| Monthly Cash Flow | $182 | $850 |
City averages based on Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,136 |
| Total Monthly Debt Service | $619 |
| DSCR Ratio | 1.84x |
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 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89119, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,272 (100%) |
| Owner Occupied HU | 4,562 (18.1%) |
| Renter Occupied HU | 17,999 (71.2%) |
| Vacant Housing Units | 2,711 (10.7%) |
| Median Home Value | $344,234 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
20,500
Single Family
8,275
Multi-Family
12,225
Businesses
2,739
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 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89119, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,272 (100%) |
| Owner Occupied HU | 4,562 (18.1%) |
| Renter Occupied HU | 17,999 (71.2%) |
| Vacant Housing Units | 2,711 (10.7%) |
| Median Home Value | $344,234 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
20,500
Single Family
8,275
Multi-Family
12,225
Businesses
2,739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices