Diary of a Las Vegas Professional Realtor - Day 22

Think about buying investment homes in Las Vegas? Let me give you 3 price points for comparison. My analysis is as follows:

• $150,000 price point offers 7% return on your investment (rental income $1150)
• $125,000 price point offers 11% return on your investment (rental income $1100)
• $100,000 price point offers 10% return on your investment (rental income $950)

Based on my calculations home priced at $100,000 to $125,000 are the best investments. For $100,000 one can purchase a 3 bedroom townhome with the 10% return on your money. With 20% downpayment, closing fees, home inspection, warranty, appraisal fees total money required is close to $27,000. Your annual rental profit is $2,770.