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$400,000

Sale Pending
688 Castlebridge Ave, Las Vegas, NV 89123
3 Beds
2 Baths
1,242 Square Feet
0.11 Acres Lot
Built in 2001
Sale Pending
Units n/a
Checked: 7 hours ago
Updated: Jun 18, 2025 at 03:02AM

Investment Summary


Monthly Cash Flow
-$711
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Property Description


0.11 Acres Lot
Built in 2001
Sale Pending
Units n/a

Welcome to this immaculate 3 bedroom, 2 bath Silverado Ranch home. Original owner has maintained it well, freshly painted interior and garage interior. Bright open floor plan, with vaulted ceiling, brand new carpet in bedrooms, tile floor in all other areas. Primary bedroom is separate from others. Kitchen features breakfast bar, SS appliances, tile counters, pantry. Open dining area. Living room is also vaulted and has door to backyard featuring large patio and garden area. New cover on free standing shade gazebo which stays. Landscaping is perfect. Low HOA. Don't miss your chance to own this beautiful home.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached, Garage, Garage Door Opener, Guest, Inside Entrance, Private
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Crystal Springs
  • HOA Fee: $55/quarterly

Land Information

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

Lot Information

  • Parcel ID: 17722210014
  • Lot Size: 4792 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 2001

Tax Information

  • Annual Tax: $2,156

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Leslie Reese
Las Vegas Realty Group
(702) 533-0635

Source:
Las Vegas REALTORS
MLS#: 2681351
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$711
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$400,000
Amount financed:
-$320,000
Down payment:
$80,000
Closing costs:
$12,000
Rehab costs:
$0
Initial cash invested:
$92,000
Square feet:
1,242
Cost per square foot:
$322
Monthly rent per square foot:
$1.61

Financing Details

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Loan amount:
$320,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,893
Property tax:
$180
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,213

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: (9%)
9%-$180-$2,156
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: (1%)
1%-$18-$216
Total operating expenses: (35%)
35%-$698-$8,372

Cash Flow


Monthly Yearly
Net operating income:
$1,182 $14,184
Mortgage payments:
-$1,893 -$22,716
Cash flow:
$711 $8,532