6650 W Warm Springs Rd UNIT 1064Las 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 1064, Las Vegas, NV, 89118 uses $81,184 cash to close to unlock $5,852/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $1,903/mo, and a $1,199/mo payment keeps the spread at $488/mo. Purchase price stands at $244,900, and rental yield measures 9.32% with $1,903/mo rent. Return on cash invested shows 27.12% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 140.99% and total cumulative return in cash records $114,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,903/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 2001
0.26 Acres 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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