2838 Geary Pl UNIT 4002Las VegasNV89109
Nearby investment properties with comparable rents
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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 2838 Geary Pl UNIT 4002, Las Vegas, NV, 89109 earns $176/mo cash flow from $1,752/mo rent with a $974/mo payment. Total monthly income totals $1,752/mo, and annual cash flow totals $2,115/yr on $65,969 capital. ROI tracks 23.11% on current figures, and rental yield reads 10.56% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 122.34% and total cumulative return in cash sums $80,706. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,752/mo property income instead of your personal income.
Condo
Built in 1974
0.26 Acres lot
$N/A/sqft
$426 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89109, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,742 (100%) |
| Owner Occupied HU | 1,861 (17.3%) |
| Renter Occupied HU | 2,580 (24.0%) |
| Vacant Housing Units | 6,301 (58.7%) |
| Median Home Value | $586,718 |
| Average Home Value | $718,602 |
Housing Distribution
Address Breakdown
Residential
4,898
Single Family
963
Multi-Family
3,935
Businesses
1,827
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Listed by: Jaimee Oliver • Real Simple Real Estate
Mls Name: LVR
Mls Provider:
Mls ID: #2706056
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)