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5819 Casa Madera Court Las Vegas, NV 89131

5 Beds 3 Baths 3,010 sqft Built 2005

$534,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $177.41
  • 3 Days on Market
  • MLS # : 2272625
  • Updated Date : 02/26/2021 at 16:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,010 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

YOUR OWN PRIVATE BACKYARD PARADISE!!! Complete with a inground Pool and Spa surrounded by plush mature landscaping, free standing gazebo and chipping green! Truly this space is an entertainers dream! This well kept home has lots of space. All usable. 5 Bedrooms with one guest bedroom and bath downstairs + Bonus Room. Living and Family areas. Includes a total of 3 full baths and 3 car garage. Open kitchen to family room. Kitchen offering large island and granite countertops with extended cabinets and counters at nook area. French Doors to rear yard. Double door entry to primary bedroom. Gigantic bonus room with double doors, a great space for an office or school room! This home has all your needs met! Oversized yard on a corner lot in a cul de sac. Amazing location nestled in a quiet gated community with private park. Don't miss out on the opportunity to get into this gated community at Carmel Canyon!

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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: Carmel Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k508k

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

Neighborhood: Carmel Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762124

* 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
Kitty Mcdonough Ward Elementary School Primary Regular 830 43 9
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kitty Mcdonough Ward Elementary School

  • Education Level: Primary
  • # of students: 830
  • # of teachers: 43
9
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$480,600$587,400$534,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,855
Property Tax -$407
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$296

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.

$534,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,260

INVESTMENT

$147,260

Down Payment
$133,500
Rehab Estimate
$5,750
Closing Costs
$8,010

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,855

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,500
Loan Amount $400,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,318

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,1704$2,2455$2,300
$2,300
RENT COMPS ANALYSIS
  • 5819 Casa Madera Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.72
    •  
  • 6804 Shalimar Pointe Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 8101 Calico Wind Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2003
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 8039 Maple Park Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 2,763 Sqft ∙ Built 2009 5 beds 4 baths ∙ 2,763 Sqft ∙ Built 2009
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.81
    •  
  • 8250 Point Given Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
PROPERTY LISTING DETAILS
Laura C Vallet
1.702.321.9144
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272625
Last Updated: 02/26/2021
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