723 Spanish DrLas VegasNV89110
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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
Rental property for sale in Las Vegas at 723 Spanish Dr, Las Vegas, NV, 89110 priced at $1,800,000 converts $4,836/mo rent into after a $8,810/mo obligation. Total monthly income equals $4,836/mo. Return on cash invested prints 8.92% in year one, and rental yield reads 3.22% against a $1,800,000 entry. Equity gained on principal adds $11,615/yr, while 5% annual appreciation compiles into $497,307 by year five. Five-year ROI reaches 43.26% and total cumulative return in cash sums $252,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,836/mo property income covering a $8,810/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89110, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,572 (100%) |
| Owner Occupied HU | 13,373 (56.7%) |
| Renter Occupied HU | 9,449 (40.1%) |
| Vacant Housing Units | 750 ( 3.2%) |
| Median Home Value | $341,585 |
| Average Home Value | $386,143 |
Housing Distribution
Address Breakdown
Residential
22,586
Single Family
19,113
Multi-Family
3,473
Businesses
560
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Nearby investment properties with comparable prices
Listed by: Tomer Steinberg • Orange Realty Group LLC
Mls Name: GLVAR
Mls Provider:
Mls ID: #2657502
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