7685 Gilespie StLas VegasNV89123
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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 7685 Gilespie St, Las Vegas, NV, 89123 priced at $1,200,000 converts $5,144/mo rent into after a $5,873/mo obligation. Total monthly income equals $5,144/mo. Return on cash invested prints 14.85% in year one, and rental yield reads 5.14% against a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation compiles into $331,538 by year five. Five-year ROI reaches 75.05% and total cumulative return in cash sums $291,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,144/mo property income covering a $5,873/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89123, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,907 (100%) |
| Owner Occupied HU | 13,877 (51.6%) |
| Renter Occupied HU | 11,003 (40.9%) |
| Vacant Housing Units | 2,027 ( 7.5%) |
| Median Home Value | $461,252 |
| Average Home Value | $499,011 |
Housing Distribution
Address Breakdown
Residential
23,540
Single Family
16,483
Multi-Family
7,057
Businesses
1,163
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Listed by: Stanley J. King • eXp Realty
Mls Name: GLVAR
Mls Provider:
Mls ID: #2661730
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