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77 Cantabria Coast Street Las Vegas, NV 89138

4 Beds 4 Baths 3,305 sqft Built 2016

$1,299,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $393.04
  • 6 Days on Market
  • MLS # : 2266329
  • Updated Date : 02/03/2021 at 10:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,305 sqft
  • Baths : 3 full , 1 half
Listing Agent

Kimillion Realty Llc

Listing Agent's Description

IMMACULATE SINGLE STORY HOME IN MAGNIFICENT COMMUNITY, ELEVATED LARGE LOT WITH BEAUTIFUL VIEWS, GORGEOUS BACK YARD WITH PUTTING GREEN, FIRE PIT, SYNTHETIC GRASSES..... WOODEN FLOORING THROUGHOUT EXCEPT THE BEDROOMS, CROWN MOULDINGS, CUSTOM BUILT SHELVES AND CLOSETS, VAULTED CEILING IN GREAT ROOM WITH CUSTOM ART WORKS, OPEN KITCHEN WITH LARGE ISLAND, GRANITE COUNTER TOPS, COURTYARD ENTRY, 3 CAR GARAGES, ALL APPLIANCES AND PARTIAL FURNITURE STAY.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

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

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$4,512
Property Tax -$910
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$2,322

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.

$1,299,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,512

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$83

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,429

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,999
1$2,9992$3,2003$3,3104$3,4955$3,995
$3,995
RENT COMPS ANALYSIS
  • 77 Cantabria Coast Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,305 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,305 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $1.00
    •  
  • 12165 Edgehurst Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,302 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,302 Sqft ∙ Built 2017
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.91
    •  
  • 270 Calgrove Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2015
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 12260 Monument Hill Avenue Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,164 Sqft ∙ Built 2013 5 beds 2 baths ∙ 3,164 Sqft ∙ Built 2013
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.10
    •  
  • 549 Green Sage Way Las Vegas, NV 5
    • 5 beds 5 baths ∙ 3,413 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,413 Sqft ∙ Built 2013
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.17
    •  
PROPERTY LISTING DETAILS
Ilyun Kim
1.702.768.0341
Kimillion Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266329
Last Updated: 02/03/2021
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