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$499,700

For Sale - Active
821 Mar Jay Ct, Las Vegas, NV 89107
4 Beds
2 Baths
2,339 Square Feet
0.22 Acres Lot
Built in 1964
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 22, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$569
Cap Rate
4.3%
Cash-on-Cash Return
-5.9%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-1.8%

Property Description


0.22 Acres Lot
Built in 1964
For Sale - Active
Units n/a

Beautiful single story home, remodeled and move in ready! 4 bedrooms, 2 baths, new paint, new flooring, two way fireplace, ceiling fans throughout, kitchen with granite counters and upgraded backsplash, large master suite, upgraded shower tiles, large backyard w/ in ground pool!

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Location


Property Details


Parking

  • Description: Guest, Open
  • Details: Guest, Open
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Composition, Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 13930711088
  • Lot Size: 9583 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 1964

Tax Information

  • Annual Tax: $1,631

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Robert Robinson
Alchemy Investments RE
(702) 271-3376

Source:
Las Vegas REALTORS
MLS#: 2644526
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$569
Cap Rate
4.3%
Cash-on-Cash Return
-5.9%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-1.8%

Purchase Details

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Purchase price:
$499,700
Amount financed:
-$399,760
Down payment:
$99,940
Closing costs:
$14,991
Rehab costs:
$0
Initial cash invested:
$114,931
Square feet:
2,339
Cost per square foot:
$214
Monthly rent per square foot:
$1.20

Financing Details

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Loan amount:
$399,760
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,365
Property tax:
$136
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,697

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$136-$1,631
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$836-$10,031

Cash Flow


Monthly Yearly
Net operating income:
$1,796 $21,552
Mortgage payments:
-$2,365 -$28,380
Cash flow:
$569 $6,828