7885 W Flamingo Rd UNIT 2128, Las Vegas, NV, 89147 | $559/mo Cash Flow

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7885 W Flamingo Rd UNIT 2128, Las Vegas, NV, 89147 | $559/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Las Vegas at 7885 W Flamingo Rd UNIT 2128, Las Vegas, NV, 89147 uses $81,218 cash to close to unlock $6,703/yr annual cash flow and $559/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,199/mo payment keeps the spread at $559/mo. Purchase price stands at $245,000, and rental yield measures 9.67% with $1,974/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 146.58% and total cumulative return in cash records $119,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,199/mo payment rather than investor’s personal income.

Condo

Built in 1997

934 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully updated condo located just minutes from world-class dining, shopping, and entertainment. This modern unit features an open and bright floor plan, fresh interior finishes, and stylish upgrades throughout. Enjoy a sleek new kitchen with updated cabinetry, countertops, and appliances, along with upgraded bathrooms and new flooring that adds a clean, contemporary feel. Both bedrooms are generously sized, offering comfortable living and ample closet space. The private balcony provides the perfect place to relax and take in the vibrant Vegas atmosphere. Investors - Tenant already in place, offering immediate rental income! Community amenities include a sparkling pool and well-maintained grounds. Perfect for investors or future owner-occupants looking for convenience, style, and low-maintenance living in one of the most desirable areas of Las Vegas!

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