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$231,999

For Sale - Active
4836 Nara Vista Way Unit 101, Las Vegas, NV 89103
2 Beds
2 Baths
884 Square Feet
0.09 Acres Lot
Built in 1987
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jun 30, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$369
Cap Rate
3.8%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.0%

Property Description


0.09 Acres Lot
Built in 1987
For Sale - Active
Units n/a

Beautiful gated condo community in the heart of Spring Valley. Only 5 miles from the Las Vegas Strip. 2 master suites on opposite sides of condo.!! Huge balcony/patio with outdoor storage, THAT OVERLOOKS THE beautiful POOL. The community has 3 pools/spas! Convenient location for shopping, restaurants, gyms, freeway access and Spring Valley Hospital! *More photos coming this week!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Assigned, Covered, Detached Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Nicklin
  • HOA Fee: $175/monthly

Land Information

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

Lot Information

  • Parcel ID: 16323414073
  • Lot Size: 4085 sqft

Property Information

  • Property Type: Condominium
  • Style: OneStory
  • Year Built: 1987

Tax Information

  • Annual Tax: $749

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Desiree L. Ortega
Elite Realty
(702) 498-0898

Source:
Las Vegas REALTORS
MLS#: 2671939
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$369
Cap Rate
3.8%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.0%

Purchase Details

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Purchase price:
$231,999
Amount financed:
-$185,599
Down payment:
$46,400
Closing costs:
$6,960
Rehab costs:
$0
Initial cash invested:
$53,360
Square feet:
884
Cost per square foot:
$262
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$185,599
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,098
Property tax:
$62
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,258

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$62-$749
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (13%)
13%-$175-$2,100
Total operating expenses: (42%)
42%-$587-$7,049

Cash Flow


Monthly Yearly
Net operating income:
$729 $8,748
Mortgage payments:
-$1,098 -$13,176
Cash flow:
-$369 -$4,428