6650 W Warm Springs Rd UNIT 1024Las VegasNV89118
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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 Las Vegas at 6650 W Warm Springs Rd UNIT 1024, Las Vegas, NV, 89118 offers a 9.03% rental yield on a $259,000 purchase with $1,949/mo rent. Total monthly income registers $1,949/mo, and a $1,268/mo payment leaves $452/mo available for distribution. Annual cash flow reaches $5,427/yr on $85,859 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 136.25% and total cumulative return in cash at $116,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,949/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89118, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,117 (100%) |
| Owner Occupied HU | 4,915 (37.5%) |
| Renter Occupied HU | 6,706 (51.1%) |
| Vacant Housing Units | 1,496 (11.4%) |
| Median Home Value | $465,489 |
| Average Home Value | $512,721 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
5,363
Multi-Family
4,219
Businesses
3,337
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