Rice Real Estate’s investment sales division can assist in purchasing the right Green Valley Ranch Investment properties. We have the knowledge and expertise to get you the best returns out of your investment property.
Here is an example of Green Valley Ranch Investment property. The house would rent for $1,995 and similar homes could be purchased for around $425,000. This particular house is a an upgraded 4 bedroom home with granite counters in kitchen, stainless steel appliances, custom tan interior paint with all appliances included. Rice Real Estate can help you pick the best investment homes in the area. In addition, we offer affordable and reliable property management services.
Ready to buy a Green Valley Ranch investment property?
Investing in real estate has many great advantages that other types of investments just don’t provide. As the Las Vegas housing market continues to be active, real estate investors reap the benefits of increased equity and positive cash flow. As a Las Vegas property manager we regularly help real estate investors find the best investment properties and then follow-up with full service management of the rental. We have a proven track record of sourcing good investment deals and placing quality tenants.
To help avoid common mistakes when investing here are some considerations to keep in mind:
Examine the Investment Property Metrics
Before you invest, you need to assess the property’s ability to generate income. Explore all the factors that can either encourage or inhibit your opportunities for wealth. Some variables to consider are demographics, rates of vacancy, historical growth trends, how fast the population grows, what types of jobs renters hold, and the type of renters in the area.
If many of your renters work for the same employer, or in the same industry and downsizing is happening, it could ultimately impact your tenant’s ability to make their monthly commitment to you.
Once you know the facts, it’s easier to determine if the investment property meets your investment goals. Ask yourself what type of demographic you would ideally like to rent to – young professionals, families, or retirees – then purchase rental properties in the areas that these types of tenants would choose.
Decide on the Rent
Ultimately, when you buy a Green Valley Ranch investment property, you want to earn an income from it. So, put some thought into it before you decide on a rental price. Perform a realistic assessment to see if you can earn a profit. You can do this by calculating the return on investment (ROI). There are many different ways to calculate ROI but here is an example of the items to consider:
Green Valley Ranch Investment Property example: 1979 Thunder Ridge Circle. Estimated market value $400k
- Market rent – $1995/mo
- Taxes – $165/mo
- Insurance – $60/mo (estimate)
- HOA – $63/mo
- Mgmt – $160/mo
Make sure you familiarize yourself with the neighborhood. Look at comparable properties in your area. Examine what they are renting for and what the occupancy rates are.
Thoroughly Inspect the Property
It is critical that you thoroughly inspect the property that you are considering. This is something that many first-time investors fail to do, which can result in costly and seemingly never-ending repairs.
To ensure that your home is inspected thoroughly, hire a licensed home inspector. A competent home inspector can evaluate the property and find any potential red flags. Some of the things to make sure you get a report on are the roof, plumbing, drainage, insulation, electrical systems, age of smoke alarms.
While it is possible to do this yourself, it probably isn’t a good idea. A professional opinion ensures that the property is safe, up to code, and in habitable condition. It may cost a few hundred dollars up front but it will help you better understand turnover needed.
Examine Your Cash Flow Carefully
When you decide to buy a Green Valley Ranch investment property, you need to carefully examine any issues or costs that could impact your cash flow. Some factors to consider are ongoing maintenance and repairs, renovation costs, mortgage costs and management expenses. Examine these costs and make sure that the income you make from rent can cover these and still leave room for profit.
Rice Real Estate & Property Management
Investment property ownership is rewarding, but maintenance and tenant management can be a challenge to navigate. If it’s time to turn your rental property over to a trustworthy, experienced partner Rice Real Estate & Property Management. is ready to help. We give our clients peace of mind because we never stop working to protect your investment. Our team has over 30 years of property management experience and we strive to provide the best service possible, maximize profits and properly maintain the property for long term success.
Rice Real Estate offers residential property management in select zip codes. If you’re a property Owner give us a call to confirm we service your area: 702.551.9592 ext 1 or email us. B.1000740.LLC and PM.0164747.BKR