2606 S Durango Dr APT 205Spring ValleyNV89117
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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 Spring Valley at 2606 S Durango Dr APT 205, Spring Valley, NV, 89117 uses $51,383 cash to close to unlock $4,297/yr annual cash flow and $358/mo monthly cash flow. Total monthly income runs $1,468/mo, and a $759/mo payment keeps the spread at $358/mo. Purchase price stands at $155,000, and rental yield measures 11.37% with $1,468/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 149.08% and total cumulative return in cash records $76,600. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,468/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$214 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89117, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,747 (100%) |
| Owner Occupied HU | 12,007 (48.5%) |
| Renter Occupied HU | 11,684 (47.2%) |
| Vacant Housing Units | 1,056 ( 4.3%) |
| Median Home Value | $534,124 |
| Average Home Value | $615,380 |
Housing Distribution
Address Breakdown
Residential
25,062
Single Family
15,403
Multi-Family
9,659
Businesses
1,430
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Listed by: Dana Sullivan • Insight Property Inc
Mls Name: LVR
Mls Provider:
Mls ID: #2703867
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)