1403 Santa Margarita St UNIT BLas VegasNV89146
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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 1403 Santa Margarita St UNIT B, Las Vegas, NV, 89146 uses $82,875 cash to close to unlock $3,314/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,721/mo, and a $1,224/mo payment keeps the spread at $276/mo. Purchase price stands at $250,000, and rental yield measures 8.26% with $1,721/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 123.8% and total cumulative return in cash records $102,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,721/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89146, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,013 (100%) |
| Owner Occupied HU | 3,456 (43.1%) |
| Renter Occupied HU | 4,022 (50.2%) |
| Vacant Housing Units | 535 ( 6.7%) |
| Median Home Value | $457,016 |
| Average Home Value | $501,466 |
Housing Distribution
Address Breakdown
Residential
7,564
Single Family
4,217
Multi-Family
3,347
Businesses
1,575
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