6615 W Tropicana Ave UNIT 202Spring ValleyNV89103
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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 Spring Valley at 6615 W Tropicana Ave UNIT 202, Spring Valley, NV, 89103 earns $549/mo cash flow from $1,788/mo rent with a $1,050/mo payment. Total monthly income totals $1,788/mo, and annual cash flow totals $6,582/yr on $71,107 capital. ROI tracks 29.17% on current figures, and rental yield reads 10% at a $214,500 purchase. Equity gained on principal adds $1,384/yr, and 5% annual appreciation supports $59,262 over five years. Five-year ROI reaches 151.97% and total cumulative return in cash sums $108,060. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,788/mo property income instead of your personal income.
Condo
Built in 1985
2,604 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89103, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,117 (100%) |
| Owner Occupied HU | 7,419 (32.1%) |
| Renter Occupied HU | 13,609 (58.9%) |
| Vacant Housing Units | 2,089 ( 9.0%) |
| Median Home Value | $337,810 |
| Average Home Value | $354,100 |
Housing Distribution
Address Breakdown
Residential
21,869
Single Family
10,964
Multi-Family
10,905
Businesses
2,066
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Listed by: Katherine Castro • Realty ONE Group, Inc
Mls Name: LVR
Mls ID: #2719736