8985 S Durango Dr UNIT 2052Las VegasNV89113
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 8985 S Durango Dr UNIT 2052, Las Vegas, NV, 89113 in Las Vegas worth modelling. At $293,500 with a 7.71% gross yield, the $1,885/mo rent leaves $19/mo after the $1,320/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.43 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $81,089 by year five; $2,703/yr in principal reduction adds further equity. Total projected return: $112,734.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.2% |
| Monthly Cash Flow | $19 | $850 |
City averages based on Las Vegas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,885 |
| Total Monthly Debt Service | $1,749 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2007
N/A lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89113, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,756 (100%) |
| Owner Occupied HU | 9,616 (54.2%) |
| Renter Occupied HU | 6,807 (38.3%) |
| Vacant Housing Units | 1,333 ( 7.5%) |
| Median Home Value | $539,895 |
| Average Home Value | $591,311 |
Housing Distribution
Address Breakdown
Residential
18,034
Single Family
12,593
Multi-Family
5,441
Businesses
1,070
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
Condo
Built in 2007
N/A lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89113, Las Vegas, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,756 (100%) |
| Owner Occupied HU | 9,616 (54.2%) |
| Renter Occupied HU | 6,807 (38.3%) |
| Vacant Housing Units | 1,333 ( 7.5%) |
| Median Home Value | $539,895 |
| Average Home Value | $591,311 |
Housing Distribution
Address Breakdown
Residential
18,034
Single Family
12,593
Multi-Family
5,441
Businesses
1,070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices