6687 W Tropicana Ave UNIT 102Las VegasNV89103
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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 6687 W Tropicana Ave UNIT 102, Las Vegas, NV, 89103 offers a 10.11% rental yield on a $219,990 purchase with $1,854/mo rent. Total monthly income registers $1,854/mo, and a $1,077/mo payment leaves $583/mo available for distribution. Annual cash flow reaches $6,992/yr on $72,927 to close, and return on cash invested stands at 29.5% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,779 over five years. Portfolio math shows five-year ROI at 153.75% and total cumulative return in cash at $112,124. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,854/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
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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