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8220 Campana Drive Las Vegas, NV 89147

4 Beds 2 Baths 2,939 sqft Built 1990

$530,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $180.33
  • 3 Days on Market
  • MLS # : 2249716
  • Updated Date : 11/20/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,939 sqft
  • Baths : 2 full
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Gorgeous and well taken care of 2 story home with 4 bedrooms, 3 bathrooms, a beach-style pool and LOTS of upgrades throughout! Features also include vaulted ceilings, natural lighting, custom pantry, stainless steel appliances, a bedroom downstairs, upgraded bathrooms, newer appliances, spacious loft, custom cedar walk-in master closet and so much more! In addition, a beautiful backyard that contains a large covered patio, barbecue stub, pool AND spa, synthetic grass and great space for entertainment. Partial backyard furniture will be included with the sale along with a treadmill and all TV's mounted on wall!! Full list of all upgrades available upon request. You don't want to miss out on this one!

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: 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
Frank Kim Elementary School Primary Regular 575 34 6
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Frank Kim Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 34
6
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$477,000$583,000$530,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,955
Property Tax -$284
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$383

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.

$530,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,0753$2,2004$2,2005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8220 Campana Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,939 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,939 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.70
    •  
  • 8412 Tibana Way Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 1993
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.70
    •  
  • 8594 Lambert Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,079 Sqft ∙ Built 1998 4 beds 2 baths ∙ 3,079 Sqft ∙ Built 1998
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.71
    •  
  • 4732 San Palo Way #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,889 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,889 Sqft ∙ Built 1995
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 8225 Crow Valley Lane Las Vegas, NV 5
    • 3 beds 3 baths ∙ 3,010 Sqft ∙ Built 1990 3 beds 3 baths ∙ 3,010 Sqft ∙ Built 1990
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Erick R Guzman
1.702.747.7273
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249716
Last Updated: 11/20/2020
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