7400 W Flamingo Rd APT 1029Spring ValleyNV89147
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
Investment Highlights
Investment property for sale in Spring Valley at 7400 W Flamingo Rd APT 1029, Spring Valley, NV, 89147 earns $538/mo cash flow from $2,346/mo rent with a $1,532/mo payment. Total monthly income totals $2,346/mo, and annual cash flow totals $6,450/yr on $103,759 capital. ROI tracks 26.13% on current figures, and rental yield reads 8.99% at a $312,999 purchase. Equity gained on principal adds $2,020/yr, and 5% annual appreciation supports $86,476 over five years. Five-year ROI reaches 135.65% and total cumulative return in cash sums $140,749. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,346/mo property income instead of your personal income.
Condo
Built in 1995
8,786 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89147, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,421 (100%) |
| Owner Occupied HU | 11,731 (50.1%) |
| Renter Occupied HU | 10,564 (45.1%) |
| Vacant Housing Units | 1,126 ( 4.8%) |
| Median Home Value | $438,068 |
| Average Home Value | $470,705 |
Housing Distribution
Address Breakdown
Residential
22,702
Single Family
15,111
Multi-Family
7,591
Businesses
987
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Listed by: Luca F. Bartolini • HomeSmart Encore
Mls Name: LVR
Mls ID: #2742739