2615 W Gary Ave UNIT 2061Las 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 2061, Las Vegas, NV, 89123 earns $129/mo cash flow from $1,754/mo rent with a $1,150/mo payment. Total monthly income totals $1,754/mo, and annual cash flow totals $1,553/yr on $77,903 capital. ROI tracks 21.9% on current figures, and rental yield reads 8.96% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 114.52% and total cumulative return in cash sums $89,212. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,754/mo property income instead of your personal income.
Condo
Built in 1999
5,131 sqft lot
$N/A/sqft
$267 monthly 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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Listed by: Jonathan C. Long • Realty ONE Group, Inc
Mls Name: LVR
Mls Provider:
Mls ID: #2691990
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)