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$525,000

For Sale - Active
900 Las Vegas Blvd S Unit 715, Las Vegas, NV 89101
1 Bed
2 Baths
1,590 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: May 20, 2025 at 04:47PM

Investment Summary


Monthly Cash Flow
-$2,281
Cap Rate
1.1%
Cash-on-Cash Return
-22.7%
Debt Coverage Ratio
0.17
Internal Rate of Return (5 years)
-17.9%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Views, views, and more views! It's incredibly rare to find true loft living! The space features an oversized living space, walk-through custom closet, spa-like bath with a jetted tub, and a walk-in shower. Polished concrete floors throughout. The kitchen is a chef's dream with a roll-away island and gas range. This unit has been immaculately maintained! You'll find a laundry room and 3/4 bath all within a full-service building with a rooftop pool, gym, and more.

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Location


Property Details


Parking

  • Details: Assigned, Covered
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block

HOA

  • Has HOA: Yes
  • Association: Soho Lofts
  • HOA Fee: $795/monthly

Land Information

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

Lot Information

  • Parcel ID: 13934411015
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: HighRise, Loft
  • Year Built: 2005

Tax Information

  • Annual Tax: $3,059

Utilities

  • Heating: Central, Electric
  • Cooling: Electric

Location

  • County: Clark

Listing Details


Listed by:
Marissa Anderson
NV Broker & Associates, LLC
(702) 748-2377

Source:
Las Vegas REALTORS
MLS#: 2683633
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$2,281
Cap Rate
1.1%
Cash-on-Cash Return
-22.7%
Debt Coverage Ratio
0.17
Internal Rate of Return (5 years)
-17.9%

Purchase Details

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Purchase price:
$525,000
Amount financed:
-$420,000
Down payment:
$105,000
Closing costs:
$15,750
Rehab costs:
$0
Initial cash invested:
$120,750
Square feet:
1,590
Cost per square foot:
$330
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$420,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,749
Property tax:
$255
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,158

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$255-$3,059
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (36%)
36%-$795-$9,540
Total operating expenses: (73%)
73%-$1,600-$19,199

Cash Flow


Monthly Yearly
Net operating income:
$468 $5,616
Mortgage payments:
-$2,749 -$32,988
Cash flow:
$2,281 $27,372