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11021 Camden Bay Street Las Vegas, NV 89179

3 Beds 3 Baths 2,043 sqft Built 2016

$350,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $171.32
  • 3 Days on Market
  • MLS # : 2249974
  • Updated Date : 11/21/2020 at 10:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,043 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Original owners w/pride of Ownership*Beautiful Gated Community w/pool, exercise room, kids playground*FULLY BUILDER UPGRADED! 3 Spacious Bedrooms plus a den & a roomy Great Room* Gourmet Kitchen with like new top of the line Whirlpool S/S appliances(including French Door Refrigerator)& S/S sink w/double wall ovens*Gorgeous Quartz Counter Tops & Stunning Backsplash*HIGHLY UPGRADED Kitchen Cabinets w/soft close drawers & Deep Pot Drawers*Breakfast Bar*Large Dining area, HOA maintains Front Landscaping*Insulated Hot Water Tank*High-end Water Softener*Top of the line Samsung Washer/Dryer*Ceiling Fans through out*Large Walk in Closest in Master bedroom*Master Baths has a Huge Walk in Shower with culture Marble enclosure*Tile Flooring in all bathrooms & laundry room*Spacious outdoor private living area w/pavers & low maintenance artificial grass*Like NEW COVERED OUTDOOR SPA*PLANTATION SHUTTERS Throughout*Security Door*Prewired Alarm system*18 minute drives to the Brand New Allegiant Stadium

SEE MORE

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$315,000$385,000$350,000

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 -$1,291
Property Tax -$255
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$38

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.

$350,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$31,901

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
  • $0.87

    LIST RENT PER SQFT
  • $1,798

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6994$1,7705$1,800
$1,800
RENT COMPS ANALYSIS
  • 11021 Camden Bay Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.87
    •  
  • 7389 Cobbhan Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2012
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 7373 Palo Real Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 7198 Kiowa Peak Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2008
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.90
    •  
  • 10986 Cherokee Landing Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2007
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Craig Thornton
1.702.481.9113
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249974
Last Updated: 11/21/2020
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