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8189 Cape Ito Court Las Vegas, NV 89113

3 Beds 3 Baths 1,423 sqft Built 2010

$329,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $231.20
  • 2 Days on Market
  • MLS # : 2268307
  • Updated Date : 02/07/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,423 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sos Realty Group Llc

Listing Agent's Description

Welcome Home! Come see this beautiful corner lot property located in amazing Southwest area. The community features a pool., also closed to shopping,restaurant, groceries and schools. This charming property has an inviting living room w/ lots of natural lights, laminate wood flooring, pre wire sorround in great room and cable pre wire ready in all bedrooms. Masters bedroom includes walk in closet with build in upgraded cabinets, a full bath and shower w/ double vanity sink same with 2nd and 3rd bedrooms. Living, Dining and all bedrooms area also comes w/ ceiling fan. Kitchen features includes raised panel maple cabinetry, laminate countertops that goes w/ black GE appliances refrigerator, dishwasher, microwave and gas range. Laundry washer and dryer included. Dining area has a sliding glass door to rear small patio and backyard. This house comes with Digital combination front door lock. A Must See!

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: 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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

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

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,143
Property Tax -$195
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$101

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.

$329,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.43%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,412

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2993$1,3254$1,3955$1,410
$1,410
RENT COMPS ANALYSIS
  • 8189 Cape Ito Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.99
    •  
  • 7077 Oberling Bay Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,309 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,309 Sqft ∙ Built 2010
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.99
    •  
  • 8177 Cape Ito Court Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,318 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,318 Sqft ∙ Built 2010
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.99
    •  
  • 8164 Cape Ito Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,317 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,317 Sqft ∙ Built 2010
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.01
    •  
  • 7083 Oberling Bay Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 2010
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
PROPERTY LISTING DETAILS
Maheswaran Jayaraman
1.702.445.8742
Sos Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268307
Last Updated: 02/07/2021
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