Las Vegas Investment Properties 2024

Las Vegas Investment Properties 2024

Are you willing to invest in A and B-class Las Vegas Investment Properties in 2024 or 2025? 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 areas for long-term tenants?

Scroll down to view (9) nine examples of class A and class B investment properties across the valley.

Note: Las Vegas is expected to remain a strong housing market and a vital hub in the Southwest. It connects multiple major markets and has substantial growth potential while maintaining relative affordability compared to other major metropolitan areas.
 
Here are article links referencing the economic growth and long-term sustainability of Las Vegas:
 
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 community**:  (3bedroom home, single story) Albissola Las Vegas 89138

  • Market rent – $3,200/mo
  • Market value – $850k
  • 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. As a general rule of thumb, annual estimated property taxes are calculated to be roughly .5%-.75% of the purchase price. For example, a property purchased for $400k would incur annual property taxes of around $2,000 yearly. Anyone can use the public search page 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 visit.

4 primary ways to find a Tenant in Las Vegas and keep Tenants longer:

resident center

The Las Vegas rental market is active, and it should take under 30 days to find a tenant. A rent-ready home, with professional advertising photos and priced at market, should rent in about 14-21 days.

If a property has been on the market for longer than 30 days, there is a reason. Is it dirty? Is it overpriced? Is the interior outdated and worn? Is the landscaping clean? Is the paint fresh? Are the carpets clean?

1. Stay on top of maintenance
2. Be a good landlord
3. Know what tenants want most
4. Be proactive with renewals

Click here to learn more about Las Vegas rent market statistics.

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move-in photos

Say Hello to Rice Real Estate & Property Management

Repubtable.
Repubtable.
Founded in 2010, Rice Real Estate is Las Vegas’ premier investment focused property management company. Our team has crafted a culture designed around full transparency, reliable communication, and technology for both Owners and Tenants. Our policies & procedures allow us to effectively optimize a property’s profit while nurturing Tenant relations to keep long-term residents.
Reliable.
Reliable.
We are investment property specialists and use technology to increase efficiencies, reduce risk and drive profitability. We are experts in our field and selective when it comes to new partnerships in order to provide the highest level of attention to each client. Our company voice reflects the high standards we demand of ourselves and we deliver these high standards with high-quality property management.
Responsive.
Responsive.
Our firm is responsive. We work hard to quickly turn properties over and find quality tenants. We understand each day a house is vacant equates to lost rental income. We always strive to increase owner profit while focusing on preserving the integrity of the investment. Our efficient vendor accounts payable strategy provides us priority scheduling and preferred pricing. We manage with an owner’s mindset.
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