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12237 Catanzaro Avenue Las Vegas, NV 89138

4 Beds 2 Baths 3,013 sqft Built 2015

$825,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $273.81
  • 5 Days on Market
  • MLS # : 2254325
  • Updated Date : 12/11/2020 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,013 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Stunning home at the Paseos in Summerlin's Capistrano gated community! Enjoy the breathtaking view of the Las Vegas Strip and magnificent Red Rock Mountains from the open rooftop deck. Enter the private courtyard with a beautiful water fountain. The expansive great room has oversized sliding doors and motorized blinds that open to the courtyard and backyard for indoor/outdoor entertaining. The open chef’s kitchen is equipped with high-end stainless-steel appliances, hardwood floors, quartz countertops, and a reverse osmosis system. Covered patio with a relaxing private, fully landscaped backyard. 3 car garage with finished epoxy floors, overhead storage, and soft water system. Smart home equipped with climate and security automation system. A must see 4-bedroom property with a doggie suite! You may also preview the property using the Matterport 3D virtual tour link.

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
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$3,044
Property Tax -$619
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$337

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.

$825,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$34,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,021

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9503$3,2954$3,3005$3,530
$3,530
RENT COMPS ANALYSIS
  • 12237 Catanzaro Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,013 Sqft ∙ Built 2015 4 beds 2 baths ∙ 3,013 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $1.17
    •  
  • 12243 Pacific Cruise Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,917 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,917 Sqft ∙ Built 2014
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 600 Hunter Flat Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,164 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,164 Sqft ∙ Built 2013
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.93
    •  
  • 12052 Attiva Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,999 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,999 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.10
    •  
  • 12248 Montura Rosa Place Las Vegas, NV 4
    • 3 beds 3 baths ∙ 3,144 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,144 Sqft ∙ Built 2005
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Myra Hatten
1.702.596.2865
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254325
Last Updated: 12/11/2020
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