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$167,000

For Sale - Active
5157 Garden Ln Unit F, Las Vegas, NV 89119
1 Bed
1 Bath
702 Square Feet
0.09 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 21, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$361
Cap Rate
3.1%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-6.9%

Property Description


0.09 Acres Lot
Built in 1977
For Sale - Active
Units n/a

Charming loft-style home - smart investment opportunity! With a thoughtfully designed layout the bedroom is privately tucked away upstairs, while the spacious living area and kitchen are downstairs, creating a true home-like feel. Located in a gated community less than 1 mile from UNLV, this property is ideal for investors, students or professionals seeking a low maintenance lifestyle. Enjoy the ease of all appliances included plus the one car garage for secure parking/extra storage as well as an assigned parking spot. Did I mention the community pool, perfect for relaxing and unwinding? Schedule your tour today!!

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Location


Property Details


Parking

  • Description: Garage, GarageDoorOpener, Guest, Private
  • Details: Assigned, Detached, Garage, Private
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Composition, Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Parkway Villas
  • HOA Fee: $240/monthly

Land Information

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

Lot Information

  • Parcel ID: 16227611254
  • Lot Size: 4123 sqft

Property Information

  • Property Type: Condominium
  • Style: TwoStory
  • Year Built: 1977

Tax Information

  • Annual Tax: $255

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Jordyn Weber
LPT Realty, LLC
(661) 300-0528

Source:
Las Vegas REALTORS
MLS#: 2663901
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$361
Cap Rate
3.1%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-6.9%

Purchase Details

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Purchase price:
$167,000
Amount financed:
-$133,600
Down payment:
$33,400
Closing costs:
$5,010
Rehab costs:
$0
Initial cash invested:
$38,410
Square feet:
702
Cost per square foot:
$238
Monthly rent per square foot:
$1.42

Financing Details

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Loan amount:
$133,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$790
Property tax:
$21
Insurance:
$70
Private mortgage insurance (PMI):
$0
Monthly payment:
$881

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,000 $12,000
Vacancy loss: (6%)
6% -$60 -$720
Operating income:
$940 $11,280

Operating Expenses


% Rent Monthly Yearly
Property taxes: (2%)
2%-$21-$255
Insurance: (7%)
7%-$70-$840
Property management: (8%)
8%-$80-$960
Repairs & maintenance: (5%)
5%-$50-$600
Capital expenditures: (5%)
5%-$50-$600
HOA fees: (24%)
24%-$240-$2,880
Total operating expenses: (51%)
51%-$511-$6,135

Cash Flow


Monthly Yearly
Net operating income:
$429 $5,148
Mortgage payments:
-$790 -$9,480
Cash flow:
$361 $4,332