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$219,000

For Sale - Active
2606 S Durango Dr Apt 276, Las Vegas, NV 89117
2 Beds
2 Baths
964 Square Feet
0.24 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Aug 14, 2025 at 05:19AM

Investment Summary


Monthly Cash Flow
-$356
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.2%

Property Description


0.24 Acres Lot
Built in 1989
For Sale - Active
Units n/a

Discover the perfect blend of comfort and convenience in this beautifully maintained condo in a prime Las Vegas location! Nestled in a gated community, this charming unit offers an open floor plan with abundant natural light, a spacious living area, and a private balcony. The kitchen features sleek countertops, modern appliances, and ample cabinet space. The primary suite boasts a walk-in closet and an en-suite bath for ultimate relaxation. Enjoy resort-style amenities, including a sparkling pool, spa, fitness center, and clubhouse. Located near top dining, shopping, and entertainment, with easy access to freeways, this condo is ideal for homeowners or investors alike. Whether you're looking for a peaceful retreat or a vibrant city lifestyle, this home has it all. Don’t miss out on this incredible opportunity—schedule your showing today!

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Location


Property Details


Parking

  • Description: Assigned, Covered, DetachedCarport, Guest
  • Details: Assigned, Covered, Detached Carport, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: SYMPHONY HOMEOWNERS
  • HOA Fee: $230/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 16309111217
  • Lot Size: 10296 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1989

Tax Information

  • Annual Tax: $676

Utilities

  • Water & Sewer: Shared Well
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Clark

Listing Details


Listed by:
Craig Tann
Huntington & Ellis, A Real Est
(702) 514-6634

Source:
Las Vegas REALTORS
MLS#: 2692511
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$356
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$219,000
Amount financed:
-$175,200
Down payment:
$43,800
Closing costs:
$6,570
Rehab costs:
$0
Initial cash invested:
$50,370
Square feet:
964
Cost per square foot:
$227
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$175,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,036
Property tax:
$56
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,190

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$56-$676
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (16%)
16%-$230-$2,760
Total operating expenses: (45%)
45%-$636-$7,636

Cash Flow


Monthly Yearly
Net operating income:
$680 $8,160
Mortgage payments:
-$1,036 -$12,432
Cash flow:
$356 $4,272