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$590,000

For Sale - Active
5873 Corazon Dr, Las Vegas, NV 89103
4 Beds
3 Baths
2,317 Square Feet
0.19 Acres Lot
Built in 1984
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jul 17, 2025 at 04:09AM

Investment Summary


Monthly Cash Flow
-$1,103
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Property Description


0.19 Acres Lot
Built in 1984
For Sale - Active
Units n/a

Discover a rare gem in the heart of Las Vegas! This stunning 4-bedroom, 3-bathroom home boasts over 2,300 sq. ft. of beautifully designed living space, nestled on an expansive lot with no HOA—giving you the freedom to personalize your dream oasis. Perfectly situated just moments from the iconic Las Vegas Strip, Allegiant Stadium, Red Rock Canyon, and premier shopping and dining, this home delivers the ultimate blend of vibrant city life and serene comfort.Step inside to find a bright, open-concept layout with spacious bedrooms and modern touches, ideal for both relaxation and entertaining. The generous lot offers endless possibilities—envision your own sparkling pool, a lush outdoor retreat, or ample space for gatherings under the desert stars. Plus, stay cool year-round with a brand-new A/C unit installed in 2022.Don’t let this one-of-a-kind opportunity slip away! Own a slice of Las Vegas paradise with unmatched flexibility and proximity to it all.

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Location


Property Details


Parking

  • Description: Attached, Garage, Guest, Open, Private
  • Details: Attached, Garage, Guest, Open, Private
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

Land Information

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

Lot Information

  • Parcel ID: 16313312012
  • Lot Size: 8276 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 1984

Tax Information

  • Annual Tax: $2,083

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Brandon Giffen
Metropolitan Real Estate Group
(702) 628-6940

Source:
Las Vegas REALTORS
MLS#: 2652198
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$1,103
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Purchase Details

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Purchase price:
$590,000
Amount financed:
-$472,000
Down payment:
$118,000
Closing costs:
$17,700
Rehab costs:
$0
Initial cash invested:
$135,700
Square feet:
2,317
Cost per square foot:
$255
Monthly rent per square foot:
$1.17

Financing Details

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Loan amount:
$472,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,792
Property tax:
$174
Insurance:
$189
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,155

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,700 $32,400
Vacancy loss: (6%)
6% -$162 -$1,944
Operating income:
$2,538 $30,456

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$174-$2,083
Insurance: (7%)
7%-$189-$2,268
Property management: (8%)
8%-$216-$2,592
Repairs & maintenance: (5%)
5%-$135-$1,620
Capital expenditures: (5%)
5%-$135-$1,620
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$849-$10,183

Cash Flow


Monthly Yearly
Net operating income:
$1,689 $20,268
Mortgage payments:
-$2,792 -$33,504
Cash flow:
$1,103 $13,236