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$725,000

For Sale - Active
7311 Spring Flower Ave, Las Vegas, NV 89117
4 Beds
4 Baths
3,122 Square Feet
0.13 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Jul 26, 2025 at 03:55AM

Investment Summary


Monthly Cash Flow
-$1,407
Cap Rate
3.4%
Cash-on-Cash Return
-10.1%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.8%

Property Description


0.13 Acres Lot
Built in 2014
For Sale - Active
Units n/a

GATED SPRING VALLEY COMMUNITY!! This 4 BEDROOM 3.5 BATH Next Gen In Law Suite with Resort style back yard. Home within a home has a separate entrance, kitchenette, laundry, living area, 3/4 bath and a bedroom with a pool view. Main living area has open floor plan and eat in kitchen area. Relax under the covered patio or soak up the sun in your own private pool and spa . This home has plenty of privacy with a larger corner lot and no neighbors to the back with easy desert landscape. Upstairs has an open loft with a large laundry room and plenty of storage. Primary Bedroom opens to a private balcony with Strip and Mountain Views. Don't miss this Perfect location in the middle of the city.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Garage, Inside Entrance, Private
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

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: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Lantern Garden
  • HOA Fee: $92/monthly

Land Information

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

Lot Information

  • Parcel ID: 16315513060
  • Lot Size: 5663 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory
  • Year Built: 2014

Tax Information

  • Annual Tax: $5,243

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Kevin T. Phan
Leading Vegas Realty
(702) 353-6225

Source:
Las Vegas REALTORS
MLS#: 2694937
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$1,407
Cap Rate
3.4%
Cash-on-Cash Return
-10.1%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.8%

Purchase Details

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Purchase price:
$725,000
Amount financed:
-$580,000
Down payment:
$145,000
Closing costs:
$21,750
Rehab costs:
$0
Initial cash invested:
$166,750
Square feet:
3,122
Cost per square foot:
$232
Monthly rent per square foot:
$1.19

Financing Details

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Loan amount:
$580,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,431
Property tax:
$437
Insurance:
$259
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,127

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,700 $44,400
Vacancy loss: (6%)
6% -$222 -$2,664
Operating income:
$3,478 $41,736

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$437-$5,243
Insurance: (7%)
7%-$259-$3,108
Property management: (8%)
8%-$296-$3,552
Repairs & maintenance: (5%)
5%-$185-$2,220
Capital expenditures: (5%)
5%-$185-$2,220
HOA fees: (2%)
2%-$92-$1,104
Total operating expenses: (39%)
39%-$1,454-$17,447

Cash Flow


Monthly Yearly
Net operating income:
$2,024 $24,288
Mortgage payments:
-$3,431 -$41,172
Cash flow:
$1,407 $16,884