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8757 Captains Place Las Vegas, NV 89117

4 Beds 3 Baths 2,362 sqft Built 1987

$768,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $325.15
  • 5 Days on Market
  • MLS # : 2262899
  • Updated Date : 01/22/2021 at 01:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,362 sqft
  • Baths : 3 full
Listing Agent

Dolly Realty

Listing Agent's Description

Lake View, new deck, Very beautiful home with 4 bedrooms and 3 bathrooms. one bedroom one bath downstairs. Master bedroom includes a balcony and cozy fire place. Tile floor, remodeled kitchen , cathedral ceiling, Don't miss out on this one! Tenant is super nice, he would love to stay if buyer is a investor.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k550k

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

Neighborhood: The Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10762504

* 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
M.j. Christensen Elementary School Primary Regular 615 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

M.j. Christensen Elementary School

  • Education Level: Primary
  • # of students: 615
  • # 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
 

$691,200$844,800$768,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,668
Property Tax -$317
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$987

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.

$768,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$209,270

INVESTMENT

$209,270

Down Payment
$192,000
Rehab Estimate
$5,750
Closing Costs
$11,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,668

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,000
Loan Amount $576,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,179

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$2,0003$2,1904$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 8757 Captains Place Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.93
    •  
  • 8913 Rocky Shore Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1986
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.78
    •  
  • 3105 Sea View Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 1985
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 2820 Crystal Cove Drive #n/a Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1985
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 8700 Captains Place Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,173 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,173 Sqft ∙ Built 1985
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Dolly Yau
1.866.217.5999
Dolly Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262899
Last Updated: 01/22/2021
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