211 E Flamingo Rd #1003Las VegasNV89109
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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 211 E Flamingo Rd #1003, Las Vegas, NV, 89109 listed at $248,500 pairs $2,364/mo rent with a $1,216/mo payment to leave $928/mo cash flow. Total monthly income runs $2,364/mo, and annual cash flow reaches $11,142/yr on $82,378 cash to close. Return on cash invested measures 33.43% in year one, and rental yield registers 11.42% at a $248,500 basis. Equity gained on principal adds $1,604/yr, and annual property appreciation at 5% supports $68,656 by year five. Five-year ROI tracks 174.86% and total cumulative return in cash totals $144,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,364/mo property income relative to a $1,216/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89109, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,742 (100%) |
| Owner Occupied HU | 1,861 (17.3%) |
| Renter Occupied HU | 2,580 (24.0%) |
| Vacant Housing Units | 6,301 (58.7%) |
| Median Home Value | $586,718 |
| Average Home Value | $718,602 |
Housing Distribution
Address Breakdown
Residential
4,898
Single Family
963
Multi-Family
3,935
Businesses
1,827
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