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10813 Cain Avenue Las Vegas, NV 89166

3 Beds 3 Baths 1,943 sqft Built 2010

$340,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $174.99
  • 3 Days on Market
  • MLS # : 2265284
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,943 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

BEAUTIFULLY DESIGNED PROVIDENCE 2 STORY FEATURING A POPULAR SPACIOUS & OPEN FLOOR PLAN DESIGN w/ 1943sqft ~ 3 BEDROOMS + 2.5 BATHS + 2 CAR GARAGE + 2 LARGE LOFTS*GENEROUS GREAT ROOM w/ FIREPLACE & LARGE DINING AREA ADJACENT TO ISLAND KITCHEN w/ STAINLESS STEEL APPLIANCES*NICE SIZE SECONDARY BEDROOM w/ WALK-IN CLOSET*SEPARATE MASTER SUITE w/ WALK OUT BALCONY & GORGEOUS MOUNTAIN VIEWS*NICE-SIZED BACKYARD COMPLETE w/ COVERED PATIO & SYNTHETIC GRASS & NO REAR NEIGHBORS GIVING AMAZING PRIVACY*PRIME LOCATION NEAR CLOSE FREEWAY ACCESS, COMMUNITY PARKS & SCHOOLS. CALL TODAY TO SCHEDULE A PERSONAL SHOWING TODAY!

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cliffs Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cliffs Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Henry And Evelyn Bozarth Elementary School

  • Education Level: Primary
  • # of students: 905
  • # of teachers: 40
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,181
Property Tax -$278
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$127

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$340,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$33,721

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,770

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,7704$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 10813 Cain Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.91
    •  
  • 10833 Dobbs Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2013
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 10821 Cain Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2010
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
  • 10842 Dobbs Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2013
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 7763 Lone Shepherd Drive #n/a Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2009
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jillian M Batchelor
1.702.595.8036
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265284
Last Updated: 01/30/2021
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