I had an open house this last Saturday at the subject property and it kind of reminded me the last time Vegas Valley properties seemed cheap. This property is listed for $215k and would rent for $1400 per month all day long which if I do my math correctly is 7.8% cap rate per year. Now compared with other investments, etc. this seems to me pretty good. I'm not even including the appreciation which is about, let's say 8% per year right now on $215k compounding, etc. The last time properties looked this good, I was a buyer. If you would like more information about Orchid Oasis, please contact me, I'll be your boots on the ground if you are from elsewhere...
Kitchen
