Analyzing a luxury rental in Las Vegas is it worth it

[Dana Wappler]

I have a property in SW Las Vegas I have analyzed but there is so little inventory to compare it to I’m having difficulty getting rent comps and vacancy rates. It’s a big +$1M project and need some help.

Ive been told by a PM and agent that the SFH could rent for 7-10k a mo after renovation is complete. I'm a serious investor trying to get started. I've used the calculators I just need some help on rental rates anyone who has insight please help. I would be happy to share more info with someone who has the time!