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$250,000

For Sale - Active
2430 Old Forge Ln Apt 106, Las Vegas, NV 89121
2 Beds
3 Baths
1,250 Square Feet
0.02 Acres Lot
Built in 1987
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Sep 04, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$273
Cap Rate
4.4%
Cash-on-Cash Return
-5.7%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.5%

Property Description


0.02 Acres Lot
Built in 1987
For Sale - Active
Units n/a

PRICE REDUCED! Remodeled 2BD/2.5BA corner-unit home w/vaulted ceilings, open layout, large loft & 2-car garage! Only 1 neighbor for added privacy. Stylish updates in 2022 include new paint, laminate & carpet flooring, quartz kitchen counters, soft-close cabinets & black/stainless appliances (fridge, stove, microwave, dishwasher). Living room boasts a cozy wood-burning fireplace & natural light. Both bedrooms upstairs offer ensuite baths & walk-in closets; the primary has a shower/tub combo while the 2nd features a walk-in shower. Extra storage throughout! Major upgrades include a brand-new A/C (2022) & newer water heater. Community amenities include pool & landscaped common areas. Convenient location near shopping, dining, schools & freeway access. Beautifully maintained, move-in ready, and priced to sell quickly!

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Location


Property Details


Parking

  • Description: Attached, Garage, InsideEntrance, Private
  • Details: Attached, Garage, Inside Entrance, Private
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Tarry Town
  • HOA Fee: $270/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 16212110018
  • Lot Size: 871 sqft

Property Information

  • Property Type: Townhouse
  • Style: TwoStory
  • Year Built: 1987

Tax Information

  • Annual Tax: $741

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Clark

Listing Details


Listed by:
Cody Trevor Corio
LPT Realty, LLC
(702) 545-0020

Source:
Las Vegas REALTORS
MLS#: 2712137
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$273
Cap Rate
4.4%
Cash-on-Cash Return
-5.7%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.5%

Purchase Details

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Purchase price:
$250,000
Amount financed:
-$200,000
Down payment:
$50,000
Closing costs:
$7,500
Rehab costs:
$0
Initial cash invested:
$57,500
Square feet:
1,250
Cost per square foot:
$200
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$200,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,183
Property tax:
$62
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,371

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$62-$741
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (15%)
15%-$270-$3,240
Total operating expenses: (43%)
43%-$782-$9,381

Cash Flow


Monthly Yearly
Net operating income:
$910 $10,920
Mortgage payments:
-$1,183 -$14,196
Cash flow:
-$273 -$3,276