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2492 Capistrano Avenue Las Vegas, NV 89121

4 Beds 2 Baths 1,970 sqft Built 1967

$315,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $159.90
  • 2 Days on Market
  • MLS # : 2266032
  • Updated Date : 02/13/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,970 sqft
  • Baths : 1 full , 1 half
Listing Agent

Local Realty

Listing Agent's Description

Great 2 story 4 bedroom property on a nice size lot with RV parking. Large living areas. Master bedroom with balcony. Secondary bedroom is oversized and large enough to be a secondary master. All appliances are included in sale. This property is priced to sell!!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Winchester

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Winchester

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Will Beckley Elementary School Primary Regular 943 47 3
K O Knudson Junior High School Middle Magnet 1,362 61 NA
Valley High School High Magnet 2,826 123 2

Will Beckley Elementary School

  • Education Level: Primary
  • # of students: 943
  • # of teachers: 47
3
GreatSchools Rating

K O Knudson Junior High School

  • Education Level: Middle
  • # of students: 1,362
  • # of teachers: 61
NA
GreatSchools Rating

Valley High School

  • Education Level: High
  • # of students: 2,826
  • # of teachers: 123
2
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,094
Property Tax -$114
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$368

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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

PROJECTED ANNUAL CASH FLOW

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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$55,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,024

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7603$1,9004$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 2492 Capistrano Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.89
    •  
  • 1553 Silver Mesa Way Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1964
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 2008 San Jose Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1967
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.05
    •  
  • 2686 Vegas Valley Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1971
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 2573 Capistrano Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1968
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
Annette Hansen
1.702.287.7161
Local Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266032
Last Updated: 02/13/2021
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