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$298,000

For Sale - Active
833 Aspen Peak Loop Unit 613, Henderson, NV 89011
3 Beds
2 Baths
1,318 Square Feet
0.17 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Sep 05, 2025 at 10:19AM

Investment Summary


Monthly Cash Flow
-$434
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Property Description


0.17 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Welcome to this charming 3 bedroom condo with a 1 car garage nestled in a secure gated community in Henderson! Perfectly designed for modern living, this home features sleek luxury vinyl floors and ceiling fans throughout, ensuring comfort and style in every room! The kitchen is a true highlight with its beautiful quartz countertops, stainless steel appliances, an island and a pantry for extra storage! The open living and dining areas flow seamlessly, offering a bright, inviting space for both relaxation and entertaining! The primary bedroom offers a peaceful retreat with a walk-in closet, an ensuite bath and a private covered patio that conveniently connects to the living room, creating a perfect spot to unwind! As a resident of this fantastic community, you'll enjoy access to a range of amenities including a sparkling pool, spa, playground, park and tennis and basketball courts! Plus, you're just minutes away from schools, shopping, dining, entertainment and easy freeway access!

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Location


Property Details


Parking

  • Description: Detached, Garage, GarageDoorOpener, Guest
  • Details: Detached, Garage, Garage Door Opener, Private, Guest
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Aspen Peak
  • HOA Fee: $255/monthly

Land Information

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

Lot Information

  • Parcel ID: 16135816059
  • Lot Size: 7393 sqft

Property Information

  • Property Type: Condominium
  • Style: TwoStory
  • Year Built: 2007

Tax Information

  • Annual Tax: $964

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Richard Hammel
Win Win Real Estate
(702) 465-3525

Source:
Las Vegas REALTORS
MLS#: 2696683
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$434
Cap Rate
3.9%
Cash-on-Cash Return
-7.6%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.4%

Purchase Details

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Purchase price:
$298,000
Amount financed:
-$238,400
Down payment:
$59,600
Closing costs:
$8,940
Rehab costs:
$0
Initial cash invested:
$68,540
Square feet:
1,318
Cost per square foot:
$226
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$238,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,410
Property tax:
$80
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,623

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$80-$964
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (13%)
13%-$255-$3,060
Total operating expenses: (43%)
43%-$810-$9,724

Cash Flow


Monthly Yearly
Net operating income:
$976 $11,712
Mortgage payments:
-$1,410 -$16,920
Cash flow:
-$434 -$5,208