1509 Lorilyn Ave UNIT 2Las 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 1509 Lorilyn Ave UNIT 2, Las Vegas, NV, 89119 uses $67,958 cash to close to unlock $2,699/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,666/mo, and a $1,003/mo payment keeps the spread at $225/mo. Purchase price stands at $205,000, and rental yield measures 9.75% with $1,666/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash records $85,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,666/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1972
2,949 sqft lot
$N/A/sqft
$257 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: Rudy Ramirez Jr • Century 21 Americana
Mls Name: LVR
Mls Provider:
Mls ID: #2705743
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 Las Vegas REALTORS MLS. All rights reserved. [Click here for more information](/mls-disclaimers/#25)