601 Lapford StLas VegasNV89148
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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 601 Lapford St, Las Vegas, NV, 89148 offers $2,123/mo rent that, after a $1,762/mo payment, leaves $43/mo cash flow. Total monthly income is $2,123/mo, and annual cash flow is $516/yr on $119,323 cash. Return on cash invested measures 20.34% in year one, and rental yield stands at 7.08% at a $359,950 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,448 by year five. Five-year ROI records 104.65% and total cumulative return in cash reaches $124,878. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,123/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89148, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,801 (100%) |
| Owner Occupied HU | 14,125 (49.0%) |
| Renter Occupied HU | 12,851 (44.6%) |
| Vacant Housing Units | 1,825 ( 6.3%) |
| Median Home Value | $481,772 |
| Average Home Value | $538,743 |
Housing Distribution
Address Breakdown
Residential
25,866
Single Family
19,281
Multi-Family
6,585
Businesses
924
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