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4618 El Camino Cabos Drive Las Vegas, NV 89147

5 Beds 4 Baths 4,396 sqft Built 2000

$630,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $143.31
  • 7 Days on Market
  • MLS # : 2264050
  • Updated Date : 01/31/2021 at 06:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,396 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Gorgeous 2-story home with ELEVATOR in the desirable 24hr guard gated Granada Hills community! Stunning floor plan with lots of space for entertainment. Dramatic entry with marble floor and custom chandeliers. Rare home elevator from family room to bedrooms upstairs. bar area off family room with mini wine fridge. Real grass and mature trees with waterfall and built-in BBQ in the oasis backyard. Close to freeway and shopping centers.

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: 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
Durango High School High Regular 2,302 95 5

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

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,188
Property Tax -$403
Property Insurance -$112
Property Management Fees -$119
CASH FLOW
-$83

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.

$630,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$33,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $3,004

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,740
1$2,7402$2,8503$2,9504$3,195
$3,195
RENT COMPS ANALYSIS
  • 4618 El Camino Cabos Drive Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,396 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,396 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.62
    •  
  • 8930 Lansberry Court Las Vegas, NV 2
    • 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 2000
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.65
    •  
  • 8864 La Manga Avenue #0 Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.67
    •  
  • 4638 Eel Point Street Las Vegas, NV 4
    • 6 beds 2 baths ∙ 4,398 Sqft ∙ Built 2011 6 beds 2 baths ∙ 4,398 Sqft ∙ Built 2011
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.73
    •  
PROPERTY LISTING DETAILS
Shuang Cheng
1.909.992.2158
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264050
Last Updated: 01/31/2021
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