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$949,900

Sale Pending
3141 E Katie Ave, Las Vegas, NV 89121
5 Beds
6 Baths
4,259 Square Feet
0.51 Acres Lot
Built in 1981
Sale Pending
Units n/a
Checked: 11 hours ago
Updated: Jun 14, 2025 at 03:03AM

Investment Summary


Monthly Cash Flow
-$548
Cap Rate
5.6%
Cash-on-Cash Return
-3.0%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.1%

Property Description


0.51 Acres Lot
Built in 1981
Sale Pending
Units n/a

European Chalet in the heart of Vegas, only 2 miles to the Strip! Tucked away on a quiet secluded half-acre lot , this estate is like no other. From the moment you turn onto the long, elegant paver driveway, the home's presence commands attention. The exterior, was crafted from materials reclaimed from a historic tabernacle in Salt Lake City, giving the residence a timeless elegance that stands apart in today’s market. Step inside, and you're greeted by a grand formal living room with soaring vaulted ceilings. The home opens gracefully into multiple living and entertaining spaces, including a cozy family rm w/FP & built-in bar. The gourmet kitchen is a chef’s dream w/ custom cabinetry, granite countertops & large island. High-end stainless steel appliances make cooking a joy. Outside, the beautifully landscaped backyard offers multiple areas to unwind. A sparkling pool & spa is the centerpiece of this serene outdoor escape, next to a large side patio & a covered patio. A must-see home.

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Location


Property Details


Parking

  • Description: AttachedCarport, Attached, EpoxyFlooring, FinishedGarage, Garage, GarageDoorOpener, Open, RvAccessParking, RvPaved, Shelves, Storage, WorkshopInGarage
  • Details: Attached, Garage, Garage Door Opener, Private, RV Access/Parking, Workshop in Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 16213707004
  • Lot Size: 22216 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory, Custom
  • Year Built: 1981

Tax Information

  • Annual Tax: $4,025

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Harsha Sarma
The Tom Love Group LLC
(702) 287-1455

Source:
Las Vegas REALTORS
MLS#: 2686394
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$548
Cap Rate
5.6%
Cash-on-Cash Return
-3.0%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.1%

Purchase Details

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Purchase price:
$949,900
Amount financed:
-$759,920
Down payment:
$189,980
Closing costs:
$28,497
Rehab costs:
$0
Initial cash invested:
$218,477
Square feet:
4,259
Cost per square foot:
$223
Monthly rent per square foot:
$1.62

Financing Details

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Loan amount:
$759,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,974
Property tax:
$335
Insurance:
$483
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,792

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,900 $82,800
Vacancy loss: (6%)
6% -$414 -$4,968
Operating income:
$6,486 $77,832

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$335-$4,025
Insurance: (7%)
7%-$483-$5,796
Property management: (8%)
8%-$552-$6,624
Repairs & maintenance: (5%)
5%-$345-$4,140
Capital expenditures: (5%)
5%-$345-$4,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$2,060-$24,725

Cash Flow


Monthly Yearly
Net operating income:
$4,426 $53,112
Mortgage payments:
-$4,974 -$59,688
Cash flow:
$548 $6,576