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$548,888

For Sale - Active
8836 Martin Downs Pl, Las Vegas, NV 89131
3 Beds
2 Baths
1,894 Square Feet
0.12 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jun 03, 2025 at 03:00AM

Investment Summary


Monthly Cash Flow
-$1,640
Cap Rate
2.7%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.1%

Property Description


0.12 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Welcome to this exceptional, fully upgraded single-story residence in the heart of Silverstone Ranch. Boasting open-concept living and 10-foot ceilings, this home is a showcase of pride in ownership. OWNED SOLAR to ensure you’ll never worry about a power bill again, even when using the convenient Tesla Charger inside the spacious 2.5 car garage. Enjoy seamless indoor-outdoor living with a massive great room, gas fireplace, and an opening to a backyard oasis with turn-key covered patio, outdoor tile, and artificial turf for the ultimate low maintenance entertainers yard. Additional upgrades include Low-E windows, plantation shutters, Luxury vinyl flooring, cameras, in ceiling speakers, minisplit a/c unit keeping the garage cool year round, custom cabinetry with a butcher block workbench and metallic epoxy flooring. This home has too many upgrades to mention!! Nestled just a few doors down from the entrance to scenic trails, parks, fishing and more! This is a MUST SEE!!

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Location


Property Details


Parking

  • Description: Attached, DirectAccess, FinishedGarage, Garage, Storage
  • Details: Attached, Garage, Inside Entrance, Private
  • Garage Spaces: 2
  • 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: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Silverston Ranch
  • HOA Fee: $88/monthly

Land Information

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

Lot Information

  • Parcel ID: 12510113040
  • Lot Size: 5227 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 2004

Tax Information

  • Annual Tax: $2,350

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central
  • Cooling: Central Air, Electric

Location

  • County: Clark

Listing Details


Listed by:
Anthony Vane
BHHS Nevada Properties
(702) 420-0166

Source:
Las Vegas REALTORS
MLS#: 2682732
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$1,640
Cap Rate
2.7%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.1%

Purchase Details

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Purchase price:
$548,888
Amount financed:
-$439,110
Down payment:
$109,778
Closing costs:
$16,467
Rehab costs:
$0
Initial cash invested:
$126,245
Square feet:
1,894
Cost per square foot:
$290
Monthly rent per square foot:
$1.16

Financing Details

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Loan amount:
$439,110
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,874
Property tax:
$196
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,224

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$196-$2,350
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (4%)
4%-$88-$1,056
Total operating expenses: (38%)
38%-$834-$10,006

Cash Flow


Monthly Yearly
Net operating income:
$1,234 $14,808
Mortgage payments:
-$2,874 -$34,488
Cash flow:
$1,640 $19,680