1405 S Nellis Blvd UNIT 2015Las VegasNV89104
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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
Rental property for sale in Las Vegas at 1405 S Nellis Blvd UNIT 2015, Las Vegas, NV, 89104 generates $1,404/mo in rent and, after a $1,046/mo payment, leaves $169/mo in cash flow. Total monthly income is $1,404/mo, and annual cash flow is $2,030/yr on $70,867 invested. Return on cash invested sits at 22.77% in year one, and rental yield is 7.88% on a $213,777 entry. Equity gained on principal adds $1,379/yr, while 5% annual appreciation builds toward $59,063 over five years. Five-year ROI reaches 117.72% and total cumulative return in cash sums $83,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,404/mo property income rather than buyer’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89104, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,575 (100%) |
| Owner Occupied HU | 7,067 (48.5%) |
| Renter Occupied HU | 6,680 (45.8%) |
| Vacant Housing Units | 828 ( 5.7%) |
| Median Home Value | $338,196 |
| Average Home Value | $370,313 |
Housing Distribution
Address Breakdown
Residential
15,951
Single Family
10,288
Multi-Family
5,663
Businesses
1,844
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