David Otto
David Otto
DAVID OTTO & AFFILIATES, PC
David Otto & Affiliates, PC | 2300 West Sahara Avenue, Suite 800 Las Vegas, NV 89102 | 702.379.6540

Is Las Vegas Good for Investors?

Posted on April 6, 2009

Investors Corner 

Savvy investors are snapping up condos, town homes and single-family homes. Property prices have fallen to a point in which many properties provide a positive cash flow. Rentals are still strong in the valley. In addition, the rate of return on these investments is exceeding Wall Street. An example:

A 1 bedroom, 1 bath condominium, being offered at $50,000 in the community of Latigo in Silverado Ranch, rents for an average of $750.00 a month. The monthly association fees are $120 a month. See chart for the cash flow and return on investment.

Additional considerations:

  • These calculations assume 100% occupancy.
  • Closing costs are not factored into the cash investment.
  • Additional returns could be made over time as the property increases in value.

 

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