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8105 Cape Flattery Avenue Las Vegas, NV 89147

5 Beds 4 Baths 4,398 sqft Built 2013

$560,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $127.33
  • 6 Days on Market
  • MLS # : 2268961
  • Updated Date : 02/13/2021 at 22:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,398 sqft
  • Baths : 4 full
Listing Agent

Swg Realty Group

Listing Agent's Description

Designer finished 5 bedroom 4 bath home with a 3 car garage in a gated community. Main level features a formal great room & dining room that connects to the kitchen via butlers pantry. Full bedroom and bathroom downstairs. Upgraded kitchen features a double oven, large island & sink with garden window. Upstairs provides 4 additional bedrooms, 3 bathrooms, and a MASSIVE loft with built in shelving. Master bedroom has a formal entry way, sitting room, large bathroom with dual sinks, soaking tub, and separate shower. Dual sided walk-in closet. Master features a full length balcony with mountain and firework views! Upstairs and downstairs both have high ceilings.

SEE MORE

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: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10361658

* 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
Roger M. Bryan Elementary School Primary Regular 651 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Roger M. Bryan Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$1,945
Property Tax -$456
Property Insurance -$112
Property Management Fees -$119
CASH FLOW
$867

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.

$560,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

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$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

13.33

YEARS SAVED

$118,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,606

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9503$3,5004$5,000
$5,000
RENT COMPS ANALYSIS
  • 8105 Cape Flattery Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,398 Sqft ∙ Built 2013 5 beds 4 baths ∙ 4,398 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.80
    •  
  • 8930 Lansberry Court Las Vegas, NV 1
    • 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 2
    • 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
    •  
  • 8905 Las Montanas Avenue Las Vegas, NV 4
    • 6 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996 6 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
Karina A Giraldo
1.702.480.9131
Swg Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268961
Last Updated: 02/13/2021
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