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12156 Capilla Real Avenue Las Vegas, NV 89138

3 Beds 3 Baths 2,226 sqft Built 2004

$575,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $258.31
  • 4 Days on Market
  • MLS # : 2264691
  • Updated Date : 01/30/2021 at 23:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,226 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

AMAZING SUMMERLIN HOME IN THE GATED COMMUNITY OF GRANADA IN THE PASEOS! COMPLETE REMODEL AND FLAWLESS! PROPERTY FEATURES 3 BEDROOMS 2.5 BATHS WITH 3 CAR GARAGE/TANDEM. ALL APPLICIANCES CONVEY. OPEN FLOOR PLAN WITH HIGHLY UPGRADED KITCHEN AND FLOORING. QUARTZ KITCHEN COUNTER TOPS,ISLAND, DOUBLE OVENS, 4 BURNER COOKTOP & MICROWAVE. LARGE PRIMARY BEDROOM UP WITH WALK-IN CLOSET, DUAL SINKS AND SEPARATE TUB AND SHOWER. LARGE BACKYARD, NEW WATER HEATER, SMART HOME FEATURES RING ALARM/CAMERAS, ECOBEE SMART THERMOSTATS, RACHIO SMART IRRIGATION CONTROLLER & CHAMBERLAIN MYQ SMART GARAGE DOOR SYSTEM. PLANTATION SHUTTERS THROUGHOUT, WATER SOFTNER & WHOLE HOME FILTRATION SYSTEM. UPSTAIRS INCLUDES AN OFFICE NOOK. LAUNDRY ROOM UPSTAIRS WITH SINK.

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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,997
Property Tax -$338
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$424

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.

$575,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3953$2,4004$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 12156 Capilla Real Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 12310 Fanwood Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,369 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,369 Sqft ∙ Built 2018
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 928 Tafalla Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 12109 Las Hurdes Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2005
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.03
    •  
  • 12318 Fanwood Lane Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,369 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,369 Sqft ∙ Built 2018
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Virginia Campbell
1.702.349.0598
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264691
Last Updated: 01/30/2021
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