518 Elm St APT HBoulder 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
Rental property for sale in Boulder City at 518 Elm St APT H, Boulder City, NV, 89005 priced at $177,777 converts $1,740/mo rent into $713/mo cash flow after a $870/mo obligation. Total monthly income equals $1,740/mo, and annual cash flow totals $8,556/yr on $58,933 invested. Return on cash invested prints 34.43% in year one, and rental yield reads 11.75% against a $177,777 entry. Equity gained on principal adds $1,147/yr, while 5% annual appreciation compiles into $49,117 by year five. Five-year ROI reaches 180.15% and total cumulative return in cash sums $106,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $870/mo payment, not borrower’s personal income.
Condo
Built in 1983
N/A 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: Bret Runion • Desert Sun Realty
Mls Name: GLVAR
Mls ID: #2630563