1381 E University Ave APT 301Las VegasNV89119
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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 1381 E University Ave APT 301, Las Vegas, NV, 89119 offers a 9.34% rental yield on a $130,000 purchase with $1,012/mo rent. Total monthly income registers $1,012/mo, and a $636/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,226/yr on $43,095 to close, and return on cash invested stands at 22.75% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 119.24% and total cumulative return in cash at $51,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,012/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
6,033 sqft lot
$N/A/sqft
$159 monthly 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
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Listed by: Craig Tann • Huntington & Ellis, A Real Est
Mls Name: GLVAR
Mls Provider:
Mls ID: #2655258
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