Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3433 Carbury Court Las Vegas, NV 89129

4 Beds 3 Baths 2,432 sqft Built 1995

$439,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $180.88
  • 15 Days on Market
  • MLS # : 2241066
  • Updated Date : 10/29/2020 at 19:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 3 full
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

WOW , THIS IS AN ALL SINGLE STORY COMMUNITY WITH NO HOA, THIS HOME IS IN A CUL DE SAC, 2432 SQ FT 4 BEDROOMS, 3 BATHS, FORMAL LIVING AND DINING ROOM, FIREPLACE IN FAMILY ROOM, LARGE KITCHEN WITH BREAKFAST BAR, NOOK AND PANTRY, ALL ROOMS ARE OVERSIZED . MASTER SUITE INCLUDES 2 CLOSETS, CEILING FAN, AND SLIDER TO PATIO, SEPERATE TUB AND SHOWER, DOUBLE SINKS . LAUNDRY ROOM WITH CABINETS, FULL LENGTH PATIO COVER, 3 CAR GARAGE WITH CABINETS, LARGE LOT , PLUS MUCH MORE PLEASE TEXT WITH ANY QUESTIONS , I AM HAVING THE CARPETS CLEANED

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$395,910$483,890$439,900

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 -$1,623
Property Tax -$290
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$347

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.

$439,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,390

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
  • $0.72

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,7604$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3433 Carbury Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.72
    •  
  • 10109 Farmington Hall Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2007
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.72
    •  
  • 3328 Lingo Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1995
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 9412 Warm Waters Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 9628 Towngate Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 1995
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
PROPERTY LISTING DETAILS
Rachel Booth
1.702.496.4015
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2241066
Last Updated: 10/29/2020
BESbswy