2615 W Gary Ave UNIT 2054Las VegasNV89123
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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 2615 W Gary Ave UNIT 2054, Las Vegas, NV, 89123 offers a 8.73% rental yield on a $194,500 purchase with $1,415/mo rent. Total monthly income registers $1,415/mo, and a $952/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,494/yr on $64,477 to close, and return on cash invested stands at 25.33% in year one. Equity gained on principal adds $1,255/yr while 5% annual appreciation supports $53,737 over five years. Portfolio math shows five-year ROI at 131.45% and total cumulative return in cash at $84,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,415/mo property income against a $952/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
4,094 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89123, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,907 (100%) |
| Owner Occupied HU | 13,877 (51.6%) |
| Renter Occupied HU | 11,003 (40.9%) |
| Vacant Housing Units | 2,027 ( 7.5%) |
| Median Home Value | $461,252 |
| Average Home Value | $499,011 |
Housing Distribution
Address Breakdown
Residential
23,540
Single Family
16,483
Multi-Family
7,057
Businesses
1,163
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