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11450 Castor Street Las Vegas, NV 89183

4 Beds 4 Baths 3,274 sqft Built 2017

$524,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $160.32
  • 5 Days on Market
  • MLS # : 2257245
  • Updated Date : 12/24/2020 at 08:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,274 sqft
  • Baths : 3 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Need space? 3250 SF Move-in Ready, Built-in 2017! 4 bedrooms, 3.5 baths with upstairs LOFT and downstairs DEN! The open concept family room-kitchen is perfect for entertaining. The Kitchen has endless cabinets, a large center island, a huge walk-in pantry, all stainless steel appliances stay! The well-positioned family room has a 12 ft glass 3-panel slider to the oversized backyard perfect for your future pool. The upstairs primary bedroom has 5 piece bathroom and an enormous walk-in closet! All bedrooms are upstairs and sized well with two full bathrooms to share. Gray tone paints throughout. This one won't last long!

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Steve Schorr Elementary School Primary Regular 1,042 54 7
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Steve Schorr Elementary School

  • Education Level: Primary
  • # of students: 1,042
  • # of teachers: 54
7
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,937
Property Tax -$351
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
$103

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.

$524,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$53,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,848

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,439
1$2,4392$2,6003$2,8504$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 11450 Castor Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 11432 Storici Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,439
    • $0.78
    •  
  • 113 Opulent Rose Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 11210 Ethan Brook Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,338 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,338 Sqft ∙ Built 2007
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.88
    •  
  • 109 Opulent Rose Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2018
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jessica Hallenbeck
1.702.525.3813
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257245
Last Updated: 12/24/2020
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