7400 W Flamingo Rd APT 2056Las VegasNV89147
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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 7400 W Flamingo Rd APT 2056, Las Vegas, NV, 89147 uses $65,969 cash to close to unlock $7,935/yr annual cash flow and $661/mo monthly cash flow. Total monthly income runs $1,811/mo, and a $974/mo payment keeps the spread at $661/mo. Purchase price stands at $199,000, and rental yield measures 10.92% with $1,811/mo rent. Return on cash invested shows 31.94% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 166.85% and total cumulative return in cash records $110,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,811/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1995
8,803 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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