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

6530 Caddington Avenue Las Vegas, NV 89110

5 Beds 3 Baths 2,725 sqft Built 1995

INVESTimate

$415,000

List Price

$1,850

$1,665 - $2,035

Rent Est.

$467,995  ( +12.77%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $152.29
  • 10 Days on Market
  • MLS # : 2222782
  • Updated Date : 08/19/2020 at 12:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,725 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Beautiful Home in the East. 5 Bedroom, 3 Full Bathroms,2 story home, 3 car garage, Living Room, Dinning Room, Family Room, Large Kitchen. Backyard Private pool with a Grotto Waterfall, Large Covered Patio, the entire width of the Property, Ceiling Fan, Mature palm Trees, Desert Landscape. Separate Dog Run with door for his/ her Convenience. corner lot, Large Master Bedroom, Double door entry way.

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Eileen Brookman Elementary School Primary Regular 753 35 5
Dr. William H Bob Bailey Middle School Middle Regular 1,202 49 NA
Eldorado High School High Regular 1,920 76 1

Eileen Brookman Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 35
5
GreatSchools Rating

Dr. William H Bob Bailey Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 49
NA
GreatSchools Rating

Eldorado High School

  • Education Level: High
  • # of students: 1,920
  • # of teachers: 76
1
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,531
Property Tax -$260
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$140

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.

$415,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$16,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5503$1,6754$1,7005$1,850
$1,850
RENT COMPS ANALYSIS
  • 6530 Caddington Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,725 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,725 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 2228 Tomlinson Lane Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,378 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,378 Sqft ∙ Built 1987
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.55
    •  
  • 7205 Madonna Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2008
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.58
    •  
  • 1415 Blazing Sand Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 1996
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.61
    •  
  • 5991 Tamara Costa Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2001
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
PROPERTY LISTING DETAILS
Mas Zaini-roberts
1.702.602.8880
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222782
Last Updated: 08/19/2020
BESbswy