7885 W Flamingo Rd UNIT 1131Las 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
Rental property for sale in Las Vegas at 7885 W Flamingo Rd UNIT 1131, Las Vegas, NV, 89147 generates $1,722/mo in rent and, after a $832/mo payment, leaves $340/mo in cash flow. Total monthly income is $1,722/mo, and annual cash flow is $4,078/yr on $56,355 invested. Return on cash invested sits at 27.15% in year one, and rental yield is 12.16% on a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 144.2% and total cumulative return in cash sums $81,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,722/mo property income rather than buyer’s personal income.
Condo
Built in 1997
7,261 sqft lot
$N/A/sqft
$400 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
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Nearby investment properties with comparable prices
Listed by: Craig Tann • Huntington & Ellis, A Real Est
Mls Name: GLVAR
Mls Provider:
Mls ID: #2696368
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