BRRRR · Market Playbook
How to BRRRR in Las Vegas, NV
BRRRR in Las Vegas is a 4.79% gross yield play — $1,701/mo rent on a $426k median. Whether that cash-flows depends on your debt cost.
Data: Zillow Research (via scrape.do) · As of April 2026
Las Vegas is a workable BRRRR market — tight but bankable math on disciplined deals.
- → Gross yield 4.79% — at national baseline
- → Rent $1,701/mo vs. national $1,930 — rent-weak
- → DSCR expectation at 75% LTV / 7.5%: 1.10-1.20 tight
- → Appreciation risk to refi: flat — neutral
Start with the gross math. Las Vegas's typical home value is $426,069; ZORI (Zillow's rent index) sits at $1,701/mo. That's 4.79% gross annual yield. That's right at the national 4-5% baseline — workable for BRRRR, but only on disciplined underwriting and a clean refi appraisal.
Run the DSCR sanity check. Assume 75% LTV refi at 7.5% interest, 30-year, plus taxes + insurance + 8% PM + 8% vacancy/capex reserve. On these inputs you'll likely clear DSCR 1.10-1.20 in Las Vegas — tight but bankable. Don't fall in love with marginal deals; reject anything that doesn't pencil at 1.15 minimum.
Rent demand color: Las Vegas rents ($1,701) sit 12% below the national median ($1,930). Local rent is the constraint here — even at favorable acquisition prices, the rent side of the math is the limiting factor.
Refi appraisal risk: Las Vegas home values are flat YoY — refi appraisals should support your renovated comp on a properly scoped rehab. No softening tailwind to worry about, no appreciation tailwind to lean on.
Las Vegas at a glance
The numbers above pull from the full Las Vegas market report.
- Median value
- $426k
- YoY
- -2.8%
- Median rent
- $1,701
- Gross yield
- 4.79%
Other strategies for Las Vegas
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