Rental Property Underwriting in Las Vegas, NV
No state income tax, low property tax, cyclical rents.
Typical SFR price
$380,000 – $470,000
3-bed rent (monthly)
$1,950 – $2,500
Effective property-tax rate
0.55% – 0.75%
Insurance (annual, ~$300k SFR)
$900 – $1,400
Gross rent-to-price (monthly)
0.50% – 0.62%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Las Vegas different
- 3% annual assessment cap on rentals (SB 490) — verify current cap status.
- Employment concentration in leisure/hospitality raises vacancy risk in downturns.
- Water restrictions increasingly limit new SFR construction.
Quick worked example
Mid-range Las Vegas deal: $425,000 purchase, $2,225/mo rent → gross yield 6.28%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →Rental underwriting in Columbus, OH →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.