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5680 Cascadia Court Las Vegas, NV 89122

3 Beds 3 Baths 1,839 sqft Built 2014

$305,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $165.85
  • 3 Days on Market
  • MLS # : 2277829
  • Updated Date : 03/13/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,839 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

** THIS ONE WILL NOT LAST!!!** GORGEOUS OPEN FLOOR PLAN, 2 story in BEAUTIFUL and SERENE GATED Community in a Cul-de-sac! EASY ACCESS to freeways, parks, shopping, and water park!! UPDATED kitchen with GRANITE island and countertops, UPGRADED cabinets, and MASSIVE PANTRY! SS Appliances INCLUDED, UPGRADED Doors and Hardware throughout! TILE flooring all throughout first floor! SPACIOUS 2 car garage with CABINETS, SHELVING, and WORKSHOP AREA! 3 SPACIOUS bedrooms with WALK IN CLOSETS, and 2 1/2 BATHROOMS, with the 1/2 bath DOWNSTAIRS. SIZABLE Master bedroom with LARGE walk-in closet, MASTER BATH has SEPARATE tub and Shower, and WIDESPREAD FAUCETS! AMAZING Backyard with REAL GRASS and PAVERS for a FINISHED and BEAUTIFUL LOOK! EXTRA INSULATION and LOW-E WINDOWS, this home has ENERGY EFFICIENCY GALORE! CUSTOM FRONT DOOR AND GARAGE DOOR to add that POP! LIVING ROOM WIRED FOR SOUND SYSTEM; wired for Ceiling FANS throughout! DON'T WAIT! See it 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

Zip Code: 89122

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Zip Code: 89122

ZipNIR 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
Josh Stevens Elementary School Primary Unknown NA
Francis Cortney Middle School Middle Regular 1,235 52 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,059
Property Tax -$221
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$12

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.

$305,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$16,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,471

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5504$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 5680 Cascadia Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 6700 Prairie Dusk Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2010
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 6749 Prairie Dusk Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 6828 Majestic Palm Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2013
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 6710 Crystal Run Lane Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Katy Larrabee
1.702.465.2183
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277829
Last Updated: 03/13/2021
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