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3011 Camillo Court Las Vegas, NV 89146

3 Beds 1 Baths 1,344 sqft Built 1971

$309,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $230.58
  • 5 Days on Market
  • MLS # : 2259610
  • Updated Date : 01/08/2021 at 23:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

*NEWLY REMODELED THROUGHOUT* Turn key single story 3 bedroom home with NO HOA and RV parking! Walk inside to a stunning open floor plan. Front family room features ceiling fan/light, gas fireplace and is open to the beautiful kitchen that boasts stainless steel appliances, breakfast counter, island and garden window! Dining room off the kitchen features recessed lighting and sliding door entry to the large backyard with patio, shed, and inground private swimming pool! 3 bedrooms all boast new carpet. Cozy master bedroom features walk in closet with mirrored doors, ceiling fan/light, access to patio and master bathroom with walk in shower. VIEW TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Dr C. Owen Roundy Elementary School Primary Regular 876 49 5
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

Dr C. Owen Roundy Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 49
5
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,076
Property Tax -$112
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$160

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.

$309,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$0.0$5.0k$10k$15k$20k

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$36,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,263

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3004$1,3755$1,520
$1,520
RENT COMPS ANALYSIS
  • 3011 Camillo Court Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,344 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.13
    •  
  • 4515 Del Oro Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1974
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.95
    •  
  • 5335 Regal Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,458 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,458 Sqft ∙ Built 1971
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 3129 Castlewood Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1976
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 4729 Cinderella Lane Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1973
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.97
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
1.702.310.6683
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259610
Last Updated: 01/08/2021
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