Exploring Las Vegas, VN deals for STR

[Alex S.]

After checking a few properties suitable for STR in the Las Vegas metro area, I found that quite a few of them generate acceptable returns (15-25% CoC). As an example, I was running numbers for this property, it's grossing 80k yearly, and with an acceptable asking price of 420k, my potential returns are 16% CoC. The neighborhood seems to be good:

https://www.redfin.com/NV/Las-Vegas/5077-Stampa-Ave-89146/ho...

I know there are some STR limitations to consider like hotel proximity, but other than that, is it a good market for STR in general, and in terms of regulations, extra taxes, and anything else needs to take into account?