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$185,000

For Sale - Active
29 Montelago Blvd Unit 317, Henderson, NV 89011
1 Bed
1 Bath
475 Square Feet
0.43 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jul 23, 2025 at 03:47AM

Investment Summary


Monthly Cash Flow
-$49
Cap Rate
5.4%
Cash-on-Cash Return
-1.4%
Debt Coverage Ratio
0.94
Internal Rate of Return (5 years)
2.7%

Property Description


0.43 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Motivated Seller! Experience luxury resort- style living in the desert, in this stunning studio unit. Nestled in a high-rise condo tower overlooking the golf-course, and mountains in Lake Las Vegas. Enjoy the sparkling pool, and a private balcony. All utilities included for a hassle-free lifestyle. Indulge in an unparalleled lifestyle at this exceptional community that seamlessly blends recreation, nature, and convenience. Dive into water sports on the shimmering lake, perfect your swing at the golf course.

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Location


Property Details


Parking

  • Description: Underground, Guest
  • Details: Underground, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 2
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Lake Las Vegas Maste
  • HOA Fee: $153/monthly
  • Additional HOA Fee: $57/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 16022317049
  • Lot Size: 18908 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2006

Tax Information

  • Annual Tax: $818

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Clark

Listing Details


Listed by:
Jamela L. Christian
Wardley Real Estate
(702) 406-9362

Source:
Las Vegas REALTORS
MLS#: 2645053
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$49
Cap Rate
5.4%
Cash-on-Cash Return
-1.4%
Debt Coverage Ratio
0.94
Internal Rate of Return (5 years)
2.7%

Purchase Details

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Purchase price:
$185,000
Amount financed:
-$148,000
Down payment:
$37,000
Closing costs:
$5,550
Rehab costs:
$0
Initial cash invested:
$42,550
Square feet:
475
Cost per square foot:
$389
Monthly rent per square foot:
$3.37

Financing Details

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Loan amount:
$148,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$875
Property tax:
$68
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,055

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$68-$818
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (13%)
13%-$210-$2,520
Total operating expenses: (42%)
42%-$678-$8,138

Cash Flow


Monthly Yearly
Net operating income:
$826 $9,912
Mortgage payments:
-$875 -$10,500
Cash flow:
$49 $588