2625 Red Rock St Unit 101Las VegasNV89146
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2625 Red Rock St Unit 101, Las Vegas, NV, 89146 in Las Vegas is a solid income-producing rental, 9.88% gross yield, $1,885/mo rent, $237/mo net cash flow on a $229,000 buy. DSCR 1.83 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $63,268 and $2,109/yr in principal reduction project a total cumulative return of $122,574.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.2% |
| Monthly Cash Flow | $237 | $850 |
City averages based on Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,885 |
| Total Monthly Debt Service | $1,232 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
2,966 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89146, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,013 (100%) |
| Owner Occupied HU | 3,456 (43.1%) |
| Renter Occupied HU | 4,022 (50.2%) |
| Vacant Housing Units | 535 ( 6.7%) |
| Median Home Value | $457,016 |
| Average Home Value | $501,466 |
Housing Distribution
Address Breakdown
Residential
7,564
Single Family
4,217
Multi-Family
3,347
Businesses
1,575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1985
2,966 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89146, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,013 (100%) |
| Owner Occupied HU | 3,456 (43.1%) |
| Renter Occupied HU | 4,022 (50.2%) |
| Vacant Housing Units | 535 ( 6.7%) |
| Median Home Value | $457,016 |
| Average Home Value | $501,466 |
Housing Distribution
Address Breakdown
Residential
7,564
Single Family
4,217
Multi-Family
3,347
Businesses
1,575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices