Las Vegas, NV โ€” Rental Investment Analysis

๐Ÿ”ดWEAKโ€” appreciation play only

Cap Rate

3.9%

Below average

Monthly Cash Flow

-$819

After all expenses

Price-to-Rent

14.6

Investor-friendly

DSCR

0.62

Fails

๐Ÿ“Š Key Metrics

Median Home Price
$415,341
Average Rent (3BR)
$2,440/mo
Price-to-Rent Ratio
14.6(good)
1% Rule
0.57%(fails โ€” need 1%+)
Cash-on-Cash Return
-10.7%
Vacancy Rate
8.0%

๐Ÿ“ˆ Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers โ†’

๐Ÿ“ˆ Population Movement (Tax Year 2021โ†’2022)

Net Migration

+11,122 households

GROWING

Total Inflow

944,574

households moved in

Avg Income (New Residents)

$95,995

per household

Where they're coming from:

1.Clark Non-migrants, NV901,867 households ยท avg $95,395
2.Los Angeles, CA7,187 households ยท avg $88,485
3.Orange, CA2,098 households ยท avg $257,605
4.San Diego, CA1,968 households ยท avg $115,951
5.San Bernardino, CA1,786 households ยท avg $60,403

Where residents are leaving to:

1.Clark Non-migrants, NV901,867 households
2.Los Angeles, CA3,068 households
3.Maricopa, AZ1,595 households
4.San Diego, CA1,133 households
5.Nye, NV999 households

๐Ÿ’ก Strong net inflow suggests growing rental demand and upward pressure on rents.

๐Ÿ˜๏ธ Best Zip Codes in Las Vegas for Investors

89103
Cap Rate: 6.4%Cash Flow: +$3/mo$264,868
89119
Cap Rate: 5.8%Cash Flow: -$131/mo$271,364
89118
Cap Rate: 5.8%Cash Flow: -$169/mo$330,517

All Zip Codes in Las Vegas

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
891036.4%+$3$264,868$2,180/mo1.00
891195.8%-$131$271,364$2,070/mo0.91
891185.8%-$169$330,517$2,510/mo0.90
891695.3%-$242$279,311$2,000/mo0.84
891795.0%-$535$478,562$3,280/mo0.79
891344.8%-$669$495,981$3,260/mo0.75
891434.6%-$705$472,085$3,020/mo0.72
891834.6%-$632$414,952$2,640/mo0.71
891784.5%-$747$480,679$3,040/mo0.71
891474.5%-$659$415,341$2,610/mo0.70
891454.5%-$630$390,409$2,440/mo0.70
891084.3%-$614$360,042$2,210/mo0.68
891284.3%-$693$388,824$2,350/mo0.66
891414.3%-$940$528,802$3,200/mo0.67
891304.2%-$813$444,274$2,660/mo0.66
891234.2%-$819$439,122$2,610/mo0.65
891294.1%-$857$445,983$2,620/mo0.64
891014.1%-$615$318,863$1,870/mo0.64
891074.1%-$679$351,473$2,060/mo0.64
891224.0%-$693$354,638$2,070/mo0.63
891443.9%-$1,072$526,602$3,020/mo0.62
891663.9%-$1,021$500,740$2,870/mo0.62
891153.9%-$670$326,942$1,870/mo0.62
891213.9%-$734$355,983$2,030/mo0.61
891483.9%-$995$473,766$2,680/mo0.61
891103.8%-$767$359,614$2,020/mo0.60
891423.8%-$792$364,502$2,030/mo0.59
891063.8%-$740$337,335$1,870/mo0.59
891133.8%-$1,050$478,255$2,650/mo0.59
891463.7%-$892$403,771$2,230/mo0.58
891393.7%-$1,047$466,928$2,560/mo0.58
891023.6%-$865$376,541$2,040/mo0.57
891203.6%-$952$412,669$2,230/mo0.57
891563.5%-$849$359,614$1,920/mo0.56
891173.5%-$1,161$482,491$2,550/mo0.55
891043.5%-$882$360,819$1,890/mo0.54
891093.2%-$1,009$377,282$1,870/mo0.50
891493.0%-$1,387$499,054$2,410/mo0.48
891353.0%-$2,021$722,144$3,470/mo0.47
891312.8%-$1,637$541,027$2,450/mo0.43
891382.7%-$2,428$782,478$3,470/mo0.42
891242.3%-$1,759$520,253$2,130/mo0.36
891581.9%-$2,339$628,153$2,310/mo0.30
890041.8%-$2,631$694,534$2,500/mo0.29
891610.6%-$4,959$1,033,956$2,450/mo0.10