Please Help Las Vegas Investment

[Joshua Castillo]

Hi Everyone,

I’d like to potentially invest in a property and would like to ask for advice/feedback on the potential purchase.

The property is in Las Vegas, Nevada. I’d be submitting a 82K offer with 20% down as an investment property. The community has potential rents of 1K and the property was previously long term rented at $875.

At 1K, this would potentially be $364/mo positive cash flow. $4,368/yr. Is this a good investment? What is yearly appreciation YOY in Las Vegas? 

Thank you!