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

8112 Cathedral Range Court Las Vegas, NV 89139

4 Beds 3 Baths 1,952 sqft Built 2007

$324,990

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $166.49
  • 3 Days on Market
  • MLS # : 2249589
  • Updated Date : 11/20/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,952 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

STUNNING 2 STORY HOME IN THE SW WITH 4 BEDROOMS / 2.5 BATHS AND 2 CAR ATTACHED GARAGE*UPGRADED KITCHEN WITH GRANITE COUNTERTOPS AND ALL APPLIANCES*SEPARATE LIVING AND FAMILY ROOM*VAULTED CEILINGS IN THE FAMILY ROOM*FORMAL DINING AREA*LARGE LIVING ROOM THAT OPENS TO THE KITCHEN*WALK-IN CLOSET IN THE MASTER BEDROOM*DUAL SINKS, SOAKING TUB, AND SEPARATE SHOWER IN THE MASTER BATH*UPSTAIRS LAUNDRY AREA*UPGRADED FLOORING THROUGHOUT, NEW CARPET, AND FRESHLY PAINTED*FULLY LANDSCAPED BACKYARD WITH SYNTHETIC GRASS, PAVER, AND BISTRO LIGHTING

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

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

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$292,491$357,489$324,990

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,199
Property Tax -$218
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$49

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.

$324,990

PROJECTED PRICE

$1,650

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,872

INVESTMENT

$91,872

Down Payment
$81,248
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,248
Loan Amount $243,743
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$31,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,5954$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 8112 Cathedral Range Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 5033 Vacaville Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
  • 8132 Stonyford Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 8129 Cathedral Range Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2007
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 8192 Blue Hope Diamond Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2004
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
Bryan Mitchell
1.702.338.8188
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249589
Last Updated: 11/20/2020
BESbswy