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11223 Campanile Street Las Vegas, NV 89141

3 Beds 2 Baths 1,610 sqft Built 2004

$394,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $245.03
  • 9 Days on Market
  • MLS # : 2248637
  • Updated Date : 11/20/2020 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Life Realty District

Listing Agent's Description

Traditional Sale*UPGRADES & CUSTOM DECOR EVERYWHERE!*Immaculate refurbished 1 story home in the center of Southern Highlands*Pool sized backyard renovated*New $35K Gourmet kitchen installed, Brazilian Quartzite counter tops, custom cabinets with pull out drawers, recipe desk, space for wine chiller, pantry, breakfast bar with extended Brazilian Quartzite for casual dining , LIFE PROOF flooring, new appliances*Amazing fans with lighting & hidden blades*Central vacuum*Oversized Great Room*New NEST thermostat*Custom paint through out*Solar panels installed/leased for low energy bills*Large Master bedroom with en suite Master bath & large walk in closet*2 very spacious guest bedrooms with upgraded flooring & a 3/4 bathroom in between guest rooms*Patio in oversized backyard stretches the length of the house from the BBQ area*2nd patio outside the sliders from the Master bedroom*The location is perfect for shopping, schools, freeway access & parks*This rare beauty will NOT last long!!!

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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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
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
 

$355,050$433,950$394,500

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,456
Property Tax -$230
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$443

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.

$394,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,293

INVESTMENT

$110,293

Down Payment
$98,625
Rehab Estimate
$5,750
Closing Costs
$5,918

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,456

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,625
Loan Amount $295,875
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,5954$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 11223 Campanile Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.88
    •  
  • 3646 Famiglia Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2002
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 3749 Corpolo Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2003
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 11331 Coulter Canyon Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 2014
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 11245 Gallery Echo Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Marsha Rem
1.702.279.5103
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248637
Last Updated: 11/20/2020
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