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$1,825,000

Under Contract
2257 Candlestick Ave, Henderson, NV 89052
5 Beds
5 Baths
5,565 Square Feet
0.42 Acres Lot
Built in 2002
Under Contract
Units n/a
Checked: 1 day ago
Updated: Jun 29, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$4,643
Cap Rate
2.6%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Property Description


0.42 Acres Lot
Built in 2002
Under Contract
Units n/a

This Tudor style custom home with stone front has a large paradise backyard on an approximate 18,295 Square Foot Lot, which includes an in-ground pool, spa, waterfall, covered patios, gazebos, built-in BBQ, & pavers on patios/walk-ways & driveways*The kitchen has excellent views of the backyard and includes granite counters, a custom refrigerator, double oven, upgraded appliances, & walk-in pantry*Some flooring consists of travertine & Brazilian wood*Other upgrades include: plantation shutters, brick/stone accents, iron rails, attractive baseboards, high ceilings, crown molding, fire protection ceiling sprinkler system, 2-stairways, a decorative wine storage area, & more!*Downstairs includes 1-bedroom, a den, rear family room, formal dining room, an informal dining area, and rear living room with dry-bar*Upstairs includes 4-bedrooms, 1-loft, a utility room, & extra storage room*The guard gated community includes a common area tennis/basketball court, a playground, security, and park.

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener, Private, RVAccessParking
  • Details: Attached, Garage, Garage Door Opener, Private, RV Access/Parking
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Green Valley Ranch
  • HOA Fee: $75/monthly
  • Additional HOA Fee: $431/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 17830512033
  • Lot Size: 18295 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory
  • Year Built: 2002

Tax Information

  • Annual Tax: $10,593

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Clark

Listing Details


Listed by:
Steve A. Guttman
Ultimate Realty, LLC
(702) 290-7027

Source:
Las Vegas REALTORS
MLS#: 2671820
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$4,643
Cap Rate
2.6%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$1,825,000
Amount financed:
-$1,460,000
Down payment:
$365,000
Closing costs:
$54,750
Rehab costs:
$0
Initial cash invested:
$419,750
Square feet:
5,565
Cost per square foot:
$328
Monthly rent per square foot:
$1.40

Financing Details

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Loan amount:
$1,460,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$8,636
Property tax:
$883
Insurance:
$546
Private mortgage insurance (PMI):
$0
Monthly payment:
$10,065

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,800 $93,600
Vacancy loss: (6%)
6% -$468 -$5,616
Operating income:
$7,332 $87,984

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$883-$10,593
Insurance: (7%)
7%-$546-$6,552
Property management: (8%)
8%-$624-$7,488
Repairs & maintenance: (5%)
5%-$390-$4,680
Capital expenditures: (5%)
5%-$390-$4,680
HOA fees: (6%)
6%-$506-$6,072
Total operating expenses: (43%)
43%-$3,339-$40,065

Cash Flow


Monthly Yearly
Net operating income:
$3,993 $47,916
Mortgage payments:
-$8,636 -$103,632
Cash flow:
$4,643 $55,716