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Rental Rates are on the Rise in Las Vegas and Henderson. Great news for investors! CAP rates set to increase!
If you follow my blog you have heard me take about our decreasing CAP rates (Cap rate = Net operating income / Sales price of the asset ) over the past several years. CAP rates are about half of what they were just 3 years ago.
Well good news is happening to the Las Vegas real estate market again, rental rates are increasing!
This is great news for investors and Las Vegas as a whole. As rental rates increase cash flow and CAP rates will increase as well making our Las Vegas real estate market that much more appealing to investors again.
Attracting out of town investors will help further drive buyer demand especially with the buy and hold investors. As buyer demand increases we should see a boost in home values and a slight decrease in available inventory.
Here is an article in the Review Journal about the rental rates rising as well: LVRJ Article
If you are looking to buy a property we would love to earn your business. Send us your buying criteria here so we can better assist you: BUYER'S FORM
If you own a property and need a qualified tenant send us the property address here: RENTAL LISTING FORM
If you need to sell your property send us the details here: SELLER'S FORM
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