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2606 S Durango Dr apt 276, Las Vegas, NV 89117, USA
Covers its debt with margin to spare at the current price.
Investment potential
Your scenario · adjust the levers below or open advanced settings to see how returns change
$54,384
$4,532/mo · at 60% occupancy & $265/night
$26,372
$2,198/mo after costs & mortgage
Cap rate
19.5%
Cash-on-cash
37.3%
DSCR
3.26
Confidence
Your assumptions
Revenue
$54,384/yr
Market avg: $54,384/yr · 60% occ · $265 ADR
Financing
$11,670/yr
Operating costs
$16,342/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 50 properties
$102–$540
Median $265
14%–92%
Median 60%
$29.5K–$77.7K
Median $55.6K
257–366
Median 360
This property · $54.4K
Comparable properties (50)
Cash flow potential High · Appreciation potential Medium
294 days available · 158 days booked ·
365 days available · 216 days booked ·
307 days available · 151 days booked ·
365 days available · 228 days booked ·
268 days available · 147 days booked ·
365 days available · 227 days booked ·
345 days available · 141 days booked ·
292 days available · 149 days booked ·
357 days available · 210 days booked ·
292 days available · 149 days booked ·
365 days available · 185 days booked ·
365 days available · 243 days booked ·
341 days available · 250 days booked ·
365 days available · 168 days booked ·
365 days available · 259 days booked ·
339 days available · 210 days booked ·
346 days available · 263 days booked ·
365 days available · 186 days booked ·
365 days available · 276 days booked ·
361 days available · 265 days booked ·
357 days available · 272 days booked ·
364 days available · 259 days booked ·
365 days available · 261 days booked ·
365 days available · 247 days booked ·
258 days available · 203 days booked ·
365 days available · 257 days booked ·
339 days available · 210 days booked ·
365 days available · 272 days booked ·
365 days available · 189 days booked ·
321 days available · 106 days booked ·
359 days available · 247 days booked ·
365 days available · 255 days booked ·
283 days available · 115 days booked ·
366 days available · 183 days booked ·
365 days available · 245 days booked ·
299 days available · 97 days booked ·
365 days available · 253 days booked ·
365 days available · 186 days booked ·
365 days available · 156 days booked ·
317 days available · 234 days booked ·
324 days available · 210 days booked ·
365 days available · 132 days booked ·
348 days available · 220 days booked ·
278 days available · 157 days booked ·
310 days available · 185 days booked ·
361 days available · 160 days booked ·
360 days available · 80 days booked ·
318 days available · 75 days booked ·
257 days available · 230 days booked ·
357 days available · 289 days booked ·
Revenue and occupancy reflect Chalet's modeled estimates from observed booking activity for comparable active listings. Individual results vary with management, seasonality, and pricing.
Who this property is for
The same property is a great buy for one investor and a trap for another. Here's the honest read.
1031 / high-equity buyer
~$48.1K
Year-1 tax shield
Buying with cash or low leverage removes the debt-coverage problem entirely, so the thesis rests on appreciation plus a large first-year write-off. At roughly 25% of purchase price, the shield is substantial enough to carry the deal on its own.
DSCR cash-flow buyer
3.26
DSCR at asking
At asking price the property clears the 1.20 DSCR most lenders require, so it should qualify for DSCR financing and cover its own debt service from day one. This is the buyer this deal is built for.
Price-disciplined buyer
—
Break-even purchase price
Even a deep discount doesn't get this deal to break even within a realistic range, so there's no price anchor to negotiate toward. A price-disciplined buyer should pass unless the revenue assumptions change.
For a buyer who materially participates and qualifies for the STR tax treatment.
$48.1K
Estimated first-year deduction · range $40.0K–$54.9K
Why this matters here
At a marginal bracket, this deduction can be worth $14.8K–$20.3K in estimated federal tax saved.
This only applies if you meet the IRS material-participation tests for short-term rentals and are not using a full-service property manager.
Estimate, subject to CPA review. Cost-segregation percentages shown here are illustrative and depend on an actual study of the property.
Some states do not conform to federal bonus depreciation, so your state may not allow the same first-year treatment shown above.
Chalet can introduce a cost-segregation partner — this is not tax, legal, or financial advice.
How cash-on-cash return moves with purchase price. The marked line is break-even (1.0 DSCR).
At this price: cash-on-cash +37.3%, DSCR 3.26, cash flow $26,372/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $146,175 | 50.5% | 4.35 | Positive |
| -22% | $152,022 | 48.6% | 4.18 | Positive |
| -15% | $165,665 | 44.6% | 3.84 | Positive |
| -8% | $179,308 | 41.0% | 3.54 | Positive |
| Asking | $194,900 | 37.3% | 3.26 | Positive |
| +8% | $210,492 | 34.0% | 3.02 | Positive |
| +15% | $224,135 | 31.5% | 2.83 | Positive |
Break-even price
Out of range
This deal does not reach break-even within ±25% of asking.
Discount needed
—
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$1,710/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $4,532 · peaks at $5,504 in Mar
Annual avg 59% · peaks at 67% in Mar
$2,198/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$56,521
Return on cash:63.9%
You qualify for STR financing
Your DSCR is 3.26 · lenders typically require 1.0+.
Get matched with 2–3 vetted STR lenders, free.
What the deal returns over the hold — including the tax shield, which is the whole point for an appreciation buyer.
Levered IRR
65.3%
over 5-yr hold, with tax shield
Equity multiple
4.4×
total proceeds vs. $56,521 invested
Projected value at exit
$248,747
year 5 · 5.0% annual appreciation
Tax shield contribution
+12.4 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $50,210 | $9,745 | $44,184 | $104,139 |
| Year 2 | $51,802 | $19,977 | $71,093 | $142,873 |
| Year 3 | $53,509 | $30,721 | $98,545 | $182,775 |
| Year 4 | $55,340 | $42,002 | $126,541 | $223,883 |
| Year 5 | $57,303 | $53,847 | $155,086 | $266,237 |
Projection, not a promise.
Assumes 5.0% annual appreciation, 1.5% rent growth (operating costs held flat), and that the property qualifies for short-term-rental tax treatment. The year-1 depreciation shield depends on a real cost-segregation study and your tax situation — consult a CPA.
Appreciation is the dominant driver of this return. When cash flow is negative, the deal depends on the property gaining value — it is not paying for itself from income.
Appreciation, rent growth, and financing rates are editable under Edit financials.
STR deals turn on local rules and demand that a generalist agent misses. Chalet matches you with a vetted Las Vegas agent who knows which properties actually cash flow — and which to avoid.
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