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Updated over 3 years ago,

User Stats

2
Posts
3
Votes
Aren Kern
3
Votes |
2
Posts

Help with first Rental Purchase in Las Vegas

Aren Kern
Posted

Noob here. I am looking at my first rental property purchase in the Las Vegas area. I am looking at a class A, SFH. Can someone help me analyze this deal and if it makes sense, or am I being silly? I feel like its a bit tight, but the market in Vegas has been crazy.

Purchase price: $785k

Down Payment: $237k

Monthly PITI: $2961

CapEx: $75

I am looking to get 5k in rent monthly.

Thoughts?

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