2801 N Rainbow Blvd APT 103Las VegasNV89108
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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 2801 N Rainbow Blvd APT 103, Las Vegas, NV, 89108 uses $84,533 cash to close to unlock $2,841/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $1,248/mo payment keeps the spread at $237/mo. Purchase price stands at $255,000, and rental yield measures 8.05% with $1,710/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 120.33% and total cumulative return in cash records $101,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1990
5,309 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89108, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,297 (100%) |
| Owner Occupied HU | 13,058 (44.6%) |
| Renter Occupied HU | 14,877 (50.8%) |
| Vacant Housing Units | 1,362 ( 4.6%) |
| Median Home Value | $371,956 |
| Average Home Value | $428,875 |
Housing Distribution
Address Breakdown
Residential
26,646
Single Family
18,060
Multi-Family
8,586
Businesses
665
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