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Cap Rate Analysis: Pahrump, NV

Investment metrics, interactive calculators, and data-driven analysis for Pahrump rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $355,000 median price and $1,530/mo median rent
Est. Cap Rate
3.55%
1% Rule
0.43%
Fails
GRM
19.3x
Price / Income
5.6x

Market Data

Median Home Price$355,000
Median Monthly Rent$1,530
Property Tax Rate0.56%
Population50,000
Population Growth2.2% / yr
Median Household Income$63,120
Vacancy Rate5%
Annual Appreciation3.2%

Cap Rate Calculator — Pahrump

Pre-filled with Pahrump medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.56% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
3.02%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$10,734
net operating income
Gross Rent Multiplier
19.3x
High (>15)
1% Rule
0.43%
✗ Fails
Monthly Cash Flow
$895
before debt service
Annual Breakdown
Gross Rental Income$18,360
Less Vacancy−$918
Effective Income$17,442
Less Operating Expenses−$6,708
Net Operating Income$10,734
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Cash-on-Cash Return — Pahrump

Factor in financing to see your actual return on invested capital in Pahrump.

$
$88,750
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.25%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$99,400
$88,750 down + $10,650 closing
Monthly Mortgage
$1,736
on $266K loan
Monthly Cash Flow
$-849
after all expenses
Annual Cash Flow
$-10,185
before taxes
Cash Flow Breakdown
Monthly Rent$1,530
Less Expenses−$643
Less Mortgage−$1,736
Monthly Cash Flow$-849

Is Pahrump a Good Place to Invest in Rental Property?

Pahrump, NV has a population of 50,000 and has been growing at 2.2% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $355,000 paired with median rents of $1,530/mo produces an estimated cap rate of 3.55%.

Property taxes at 0.56% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 5.6x, homes cost about 5.6 times the local median income of $63,120. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Pahrump is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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