Investment property located in the Summerlin area of Las Vegas. Located in the Desert Shores community this home is walking distance to the lake and recreational facilities. This house will go quickly…it’s priced right at $129,900 and should have low turn-over costs. Rent is estimated at $1,295. If you are interested in submitting an offer on this property please give Heidi a call at 702-574-1567. Rice Real Estate is known as one of the best property management companies in Las Vegas.
Single story, 3 bed & 2 bath home with the Biscayne Bay subdivision and located in Desert Shores. The home has a large patio, vaulted ceilings, custom fixtures and paint.
Address: 8220 Lauderdale Ct
City: Las Vegas
Square Feet: 1,669
Sold Price: TBD - $135,000k estimated
Target Rent $1295
Cash Flow Analysis
Purchase Price: $130,000 (may vary)
Down Payment: $26,000 (20%)
Loan Amount: $104,000
Mortgage Pmt: $558 (assuming 30yr fixed at 5%, market rates may vary)
Insurance: $35/mo (estimate, rate may vary)
HOA fee: $55/mo (estimate, rate may vary)
Property Management: $103/mo $(assuming an 8% fee)
Total Monthly Expense: $884/mo
Rental Comps: $1295/month (estimate, rate may vary)
Monthly cash flow: $1,295-$884=$411
Yearly cash flow: $4,932
1st Year Principal Reductions: $1,534
ROI = cash flow/down payment $4,932/$26,000=19%
View more Summerlin investment properties in Desert Shores below:
1 - 8 of 8.
See more Real estate in the Desert Shores community.
(all data current as of 5/20/2013)
$130,000 : 3024 Anchor Chain Dr, Las Vegas3 beds, 2 full, 1 part baths
$139,900 : 7701 Sea Cliff Wy, Las Vegas2 beds, 2 full baths
$150,000 : 8413 Bay Crest Dr, Las Vegas4 beds, 2 full, 1 part baths
$140,000 : 2404 Palm Shore Ct, Las Vegas3 beds, 2 full, 1 part baths
$159,000 : 3016 Red Bay Wy, Las Vegas3 beds, 2 full baths
$155,000 : MLS # 1271174 in Las Vegas3 beds, 2 full baths
$154,900 : 7612 Oyster Cove Dr, Las Vegas3 beds, 2 full baths
$145,000 : MLS # 1158620 in Las Vegas3 beds, 2 full baths
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