Willing to invest in A and B class residential real estate? Then Las Vegas is one of the best places to buy investment properties. This rapidly growing city is one of the hottest real estate markets on the west coast. But the question always is…where are the best neighborhoods for buying Las Vegas investment properties?
Scroll down to view (9) nine examples of class A and class B investment properties across the valley.
1031 Exchange
1031 Exchanges
Using a 1031 Exchange to Purchase Investment Properties in Las Vegas
Low Taxes
Property Taxes
Low property taxes are one of the main reasons Las Vegas investment properties are so attractive
Las Vegas Investment Property Example # 1
Westwood Village neighborhood: (3 bedroom home) Thurston St, Henderson 89074
- Market rent – $2000/mo
- Market value – $400k
- est. taxes – $175/mo
- Insurance – $55/mo
- HOA – $18/mo
- swipe to view interior photos
Las Vegas Investment Property Example # 2
Green Valley Ranch: (4 bedroom home) Thunder Ridge Circle, Henderson 89012
- Market rent – $2500/mo
- Market value – $500k
- est. taxes – $194/mo
- Insurance – $80/mo
- HOA – $67/mo
- swipe to view interior photos
Las Vegas Investment Property Example # 3
Summerlin West **new home in gated commumity**: (3bedroom home, single story) Albissola Las Vegas 89138
- Market rent – $3,500/mo
- Market value – $700k
- swipe to view interior photos
Las Vegas Investment Property Example # 4
Guard Gated Red Rock Country Club: (4 bedroom home w/ pool) Country Cove Ct, Las Vegas 89135
- Market Value – $1,200,000
- Market rent – $5500/mo
- Taxes – $930/mo
- Insurance – $150/mo
- HOA – $245/mo
- swipe to view interior photos
Additional Examples $400-500k
273 Timber Hollow St: Zillow Link
- Single story, 3 car garage located in highly sought after Green Valley Ranch, Henderson and zoned for top schools
- Estimate mkt value: $500k
- Target rent: $2500/mo
- Property taxes: $194/mo
- Estimated Insurance: $80/mo
- HOA: $67/mo
507 Beaconwood St: Zillow Link
- Single story, 3 car garage located in highly sought after Green Valley Ranch, Henderson and zoned for top schools
- Estimate mkt value: $425k
- Target rent: $2200-2295/mo
- Property taxes: $175/mo
- Estimated Insurance: $60/mo
- HOA: $25/mo
Additional Examples $300-400k
8169 W Gilmore Ave: Redfin Link for photos
- Estimate mkt value: around $350-360k
- Target rent: $1800-1895/mo
- Property taxes: $152/mo
- Estimated Insurance: $55/mo
- HOA: $15/mo
3761 Bossa Nova: Redfin Link for photos
- Estimate mkt value: around $360-370k
- Target rent: $1800-1895/mo
- Property taxes: $154/mo
- Estimated Insurance: $60/mo
- HOA: $15/mo
1737 Park Mesa Ln: Redfin Link for photos
- Estimate mkt value: around $340-345k
- Target rent: $1700-1750/mo
- Property taxes: $150/mo
- Estimated Insurance: $50/mo
- HOA: $57/mo
Low Property Taxes
Low property taxes are one of the main reasons Las Vegas investment properties are so attractive. On average property taxes are about 1/2% (.005%) of the purchase price. For example, a property purchased for $350k would incurred annual property taxes around $1,750 annually ($146 monthly). This public search page can be used to determine current property taxes for any property in Las Vegas and Henderson: Clark County Treasurer.
Think you know a lot about Vegas? Discover some hidden local gems worth a vist.
4 primary ways to find a Tenant in Las Vegas and keep Tenants longer:
The Las Vegas rental market is active and it should take under 30 days to find a tenant in Las Vegas. A rent ready home, with professional advertising photos and priced at market, should rent in about 14-21 days.
If a property is on the market for longer than 30 days there is a reason…is it dirty? over-priced? outdated? is the landscaping clean? is the paint fresh and are the carpets clean?
1. Stay on top of maintenance
2. Be a good landlord
3. Know what tenants wants most
4. Be proactive with renewals
Click here to learn more about Las Vegas rent market statistics in 2023.
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Using a 1031 Exchange to Purchase Investment Properties in Las Vegas
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