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15
Rent up to $3,038, BRR Yield hits 5.3%
Updated 12 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows solid rental potential with monthly income likely falling between $2,436 and $2,880. These figures, supported by recent local market data, suggest a healthy estimated rental yield of approximately 4.40% for investors. With market appreciation steady at $5,050 annually, this home offers a reliable path for building equity. The current rental range makes it a strong candidate for those looking to balance steady monthly cash flow.
More about this home
Neighborhood Assessment
Summerlin’s Crystal Canyon enclave is a young, master-planned pocket with strong curb appeal and tight inventory. Nearby sales on Nine Mile Creek are trading in roughly the mid–600Ks to high–800Ks, which tells you buyers will pay up for single-story product with modern finishes and views. Schools are a real plus here: Givens Elementary (10/10) and Palo Verde High (8/10) help support both resale and rental demand. Daily life is easy too—Summerlin Parkway access, Downtown Summerlin, Red Rock Casino, parks, and trails are all a short drive, so you get lifestyle and convenience, not just a roof over your head.
Market Activity
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Rental Income
$32K
Yield
4.4%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Adding a new pool significantly elevates a property's appeal. Homes with pools command a price per square foot of roughly $458, compared to $323 for others, reflecting a substantial 42% increase in value per square foot. This upgrade boosts rent potential up to $4,032 and elevates sell potential to $869,000. For owners, a pool creates a premier lifestyle feature that helps a home shine, offering both immediate enjoyment and stronger long-term market presence.
Comps
4
Uplift
+42%
Buy-Rehab-Rent
This property shows strong renovation potential, with an after-upgrade value reaching up to $727,000. Upgrading the 1,800-square-foot layout effectively bridges the gap between current market pricing and premium renovated valuations, providing a solid equity foundation. Projected rental income hits $3,038 monthly, resulting in a 5.3% annual yield. While the yield is modest, the combination of significant equity uplift and reliable rental demand makes this a stable, long-term buy-and-hold prospect.
Rental Income
$36K
Yield
5.3%
Appreciation
$5K
Year 1 Estimates, Post Typical Renovation
Estimated value
$725K
$114.9K over comp median
Comparative Market Analysis
$545K – $711K
~42 days to sell
Based on 8 comps
298 Nine Mile Creek Dr, Las Vegas Investment Report: Flip & Rental Analysis · Frontflip