7083 Rhapsody LnLas VegasNV89119
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 7083 Rhapsody Ln, Las Vegas, NV, 89119 in Las Vegas deserves attention. This $309,000 property earns $2,760/mo in rent, a 10.72% gross yield, and nets $975/mo after the $1,389/mo payment. DSCR 1.99 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $85,371 compounds alongside $2,846/yr in yearly equity build, for a total cumulative return of $179,420.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.2% |
| Monthly Cash Flow | $975 | $850 |
City averages based on Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $1,662 |
| DSCR Ratio | 1.66x |
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.
Single Family
Built in 1988
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89119, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,272 (100%) |
| Owner Occupied HU | 4,562 (18.1%) |
| Renter Occupied HU | 17,999 (71.2%) |
| Vacant Housing Units | 2,711 (10.7%) |
| Median Home Value | $344,234 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
20,500
Single Family
8,275
Multi-Family
12,225
Businesses
2,739
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
Single Family
Built in 1988
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89119, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,272 (100%) |
| Owner Occupied HU | 4,562 (18.1%) |
| Renter Occupied HU | 17,999 (71.2%) |
| Vacant Housing Units | 2,711 (10.7%) |
| Median Home Value | $344,234 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
20,500
Single Family
8,275
Multi-Family
12,225
Businesses
2,739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices