7950 W Flamingo Rd UNIT 1039Spring ValleyNV89147
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 Spring Valley at 7950 W Flamingo Rd UNIT 1039, Spring Valley, NV, 89147 offers a 8.93% rental yield on a $245,900 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,204/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,905/yr on $81,516 to close, and return on cash invested stands at 25.93% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,938 over five years. Portfolio math shows five-year ROI at 134.57% and total cumulative return in cash at $109,699. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
4,617 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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Nearby investment properties with comparable prices
Listed by: Geoffrey S. Zahler • Zahler Properties LLC
Mls Name: LVR
Mls ID: #2715374