518 Elm St APT CBoulder CityNV89005
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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 Boulder City at 518 Elm St APT C, Boulder City, NV, 89005 listed at $150,000 pairs $1,163/mo rent with a $734/mo payment to leave $297/mo cash flow. Total monthly income runs $1,163/mo, and annual cash flow reaches $3,558/yr on $49,725 cash to close. Return on cash invested measures 27.06% in year one, and rental yield registers 9.3% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 140.73% and total cumulative return in cash totals $69,978. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,163/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
3,602 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89005, Boulder City, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,527 (100%) |
| Owner Occupied HU | 5,085 (67.6%) |
| Renter Occupied HU | 1,579 (21.0%) |
| Vacant Housing Units | 863 (11.5%) |
| Median Home Value | $480,256 |
| Average Home Value | $540,847 |
Housing Distribution
Address Breakdown
Residential
6,984
Single Family
6,470
Multi-Family
514
Businesses
524
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Listed by: Jessica J. Arteaga • Simply Vegas
Mls Name: LVR
Mls ID: #2721020