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3859 Cape Royal Street Las Vegas, NV 89147

5 Beds 3 Baths 2,582 sqft Built 2002

$389,990

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $151.04
  • 3 Days on Market
  • MLS # : 2243798
  • Updated Date : 11/01/2020 at 02:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Ahp Realty Llc

Listing Agent's Description

Immaculate upgraded 2-Story house, 5 bedroom, 3 bathroom, 3 car garage in a gated community. Travertine tile throughout downstairs. Hardwood staircase, hardwood floor upstairs. Granite countertops, Stainless Steel appliances such as built-in stove, wall mount range hood, dishwasher, double built-in oven in the kitchen. Water filtration system in the kitchen. One bedroom and one full bathroom downstairs. Covered Patio. Well maintained. Must see !

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: 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
Patricia A Bendorf. Elementary School Primary Regular 707 36 9
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Patricia A Bendorf. Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 36
9
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$350,991$428,989$389,990

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,439
Property Tax -$268
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$117

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.

$389,990

PROJECTED PRICE

$2,020

PROJECTED RENT

0.52%

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$1.4M$1.6M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,097

INVESTMENT

$109,097

Down Payment
$97,498
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,498
Loan Amount $292,493
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$42,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,188

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0203$2,1004$2,2005$2,648
$2,648
RENT COMPS ANALYSIS
  • 3859 Cape Royal Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.78
    •  
  • 8790 Fountain Island Drive Las Vegas, NV 1
    • 5 beds 2 baths ∙ 2,661 Sqft ∙ Built 1996 5 beds 2 baths ∙ 2,661 Sqft ∙ Built 1996
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 3541 Kahala Bay Lane Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1996
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 3969 Ruskin Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,618 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,618 Sqft ∙ Built 1995
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 3767 Ruskin Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1994
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,648
    • $1.01
    •  
PROPERTY LISTING DETAILS
Lia Tian
1.702.349.9035
Ahp Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243798
Last Updated: 11/01/2020
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