3151 Soaring Gulls Dr UNIT 2055Las VegasNV89128
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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 3151 Soaring Gulls Dr UNIT 2055, Las Vegas, NV, 89128 uses $71,273 cash to close to unlock $6,145/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $1,052/mo payment keeps the spread at $512/mo. Purchase price stands at $215,000, and rental yield measures 9.79% with $1,754/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 148.6% and total cumulative return in cash records $105,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1989
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89128, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,187 (100%) |
| Owner Occupied HU | 8,552 (49.8%) |
| Renter Occupied HU | 7,765 (45.2%) |
| Vacant Housing Units | 870 ( 5.1%) |
| Median Home Value | $425,266 |
| Average Home Value | $473,431 |
Housing Distribution
Address Breakdown
Residential
16,539
Single Family
10,723
Multi-Family
5,816
Businesses
843
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