7570 W Flamingo Rd UNIT 201Las VegasNV89147
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 Las Vegas at 7570 W Flamingo Rd UNIT 201, Las Vegas, NV, 89147 offers a 8.72% rental yield on a $256,900 purchase with $1,866/mo rent. Total monthly income registers $1,866/mo, and a $1,257/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,245/yr on $85,162 to close, and return on cash invested stands at 22.54% in year one. Equity gained on principal adds $1,658/yr while 5% annual appreciation supports $70,977 over five years. Portfolio math shows five-year ROI at 117.48% and total cumulative return in cash at $100,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,866/mo property income against a $1,257/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
$195 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin M. Goodman • Evolve Realty
Mls Name: GLVAR
Mls Provider:
Mls ID: #2632241
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2024 of the Greater Las Vegas Association of REALTORS MLS. All rights reserved. [Click here for more information](/info/mls-disclaimers/#mls_25)