4238 Lemay St #2Las VegasNV89115
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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
Rental property for sale in Las Vegas at 4238 Lemay St #2, Las Vegas, NV, 89115 generates $2,200/mo in rent and, after a $1,613/mo payment, leaves $97/mo in cash flow. Total monthly income is $2,200/mo, and annual cash flow is $1,163/yr on $109,229 invested. Return on cash invested sits at 20.97% in year one, and rental yield is 8.01% on a $329,500 entry. Equity gained on principal adds $2,126/yr, while 5% annual appreciation builds toward $91,035 over five years. Five-year ROI reaches 108.8% and total cumulative return in cash sums $118,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
871.20 sqft lot
$N/A/sqft
$199 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89115, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,615 (100%) |
| Owner Occupied HU | 8,287 (35.1%) |
| Renter Occupied HU | 13,881 (58.8%) |
| Vacant Housing Units | 1,447 ( 6.1%) |
| Median Home Value | $297,970 |
| Average Home Value | $357,226 |
Housing Distribution
Address Breakdown
Residential
20,594
Single Family
15,618
Multi-Family
4,976
Businesses
1,476
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Listed by: Craig Sadowitz • RE/MAX Reliance
Mls Name: GLVAR
Mls Provider:
Mls ID: #2657469
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