6650 W Warm Springs Rd UNIT 1083Las VegasNV89118
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 6650 W Warm Springs Rd UNIT 1083, Las Vegas, NV, 89118 in Las Vegas is narrow, $120/mo net on $1,886/mo rent after the $1,223/mo debt service, but the property operates at break-even-plus, not a loss. At $272,000 with a 8.32% yield, the long-run equity case via 5% appreciation ($75,149 over five years) and $2,505/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.54 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $111,194.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.2% |
| Monthly Cash Flow | $120 | $850 |
City averages based on Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,886 |
| Total Monthly Debt Service | $1,658 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
N/A lot
$N/A/sqft
$195 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2001
N/A lot
$N/A/sqft
$195 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices