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$330,000

For Sale - Active
3473 Monte Carlo Dr, Las Vegas, NV 89121
3 Beds
4 Baths
1,472 Square Feet
0.04 Acres Lot
Built in 1974
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jul 01, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$397
Cap Rate
4.2%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.1%

Property Description


0.04 Acres Lot
Built in 1974
For Sale - Active
Units n/a

WELCOME HOME TO CHARMING THREE-BEDROOM TOWNHOME LOCATED IN LAS VEGAS! THIS IS AN END UNIT- ONLY ONE SHARED WALL! WOW! COMMUNITY FEATURES PLENTY OF PARKING, MATURE TREES AND LANDSCAPING, GRASSY AREAS, AND COMMUNITY POOL! PROPERTY FEATURES TWO STORIES! PRIMARY SUITE LOCATED ON SECOND STORY WITH RENOVATED BATH AND COVERED BALCONY WITH STAIRCASE TO FIRST STORY PATIO AND DIRECT ACCESS TO TWO CAR GARAGE! PROPERTY WAS RENOVATED THROUGHOUT (EVERYWHERE BUT THE KITCHEN)! EACH BEDROOM HAS IT'S OWN BATH! TWO BEDROOMS UPSTAIRS AND ONE BEDROOM DOWN WITH DIRECT ACCESS TO BACK PATIO AND GARAGE. TWO CAR GARAGE FEATURES WASHER & DRYER SET. ALL APPLIANCES STAY WITH THE HOME! ENJOY EASY ACCES TO WORLD FAMOUS LAS VEGAS STRIP, WORLD-CLASS DINING AND ENTERTAINMENT, EASY FREEWAY ACCESS, AND MORE! WELCOME HOME!!

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Location


Property Details


Parking

  • Description: Attached, ExteriorAccessDoor, Garage, GarageDoorOpener, Open, Guest
  • Details: Attached, Garage, Garage Door Opener, Open, Guest
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Flat, Mansard
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Garden Park Townhome
  • HOA Fee: $165/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 16118120023
  • Lot Size: 1742 sqft

Property Information

  • Property Type: Townhouse
  • Style: TwoStory
  • Year Built: 1974

Tax Information

  • Annual Tax: $596

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Rachael DiPietro
BHHS Nevada Properties
(702) 335-2041

Source:
Las Vegas REALTORS
MLS#: 2650546
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$397
Cap Rate
4.2%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.1%

Purchase Details

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Purchase price:
$330,000
Amount financed:
-$264,000
Down payment:
$66,000
Closing costs:
$9,900
Rehab costs:
$0
Initial cash invested:
$75,900
Square feet:
1,472
Cost per square foot:
$224
Monthly rent per square foot:
$1.36

Financing Details

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Loan amount:
$264,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,562
Property tax:
$50
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,752

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (2%)
2%-$50-$596
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (8%)
8%-$165-$1,980
Total operating expenses: (36%)
36%-$715-$8,576

Cash Flow


Monthly Yearly
Net operating income:
$1,165 $13,980
Mortgage payments:
-$1,562 -$18,744
Cash flow:
$397 $4,764