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$495,000

Under Contract
9013 Cypress Point Way, Las Vegas, NV 89117
3 Beds
3 Baths
1,722 Square Feet
0.09 Acres Lot
Built in 1987
Under Contract
Units n/a
Checked: 23 hours ago
Updated: Jun 07, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$1,190
Cap Rate
3.4%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.1%

Property Description


0.09 Acres Lot
Built in 1987
Under Contract
Units n/a

A beautifully updated home in highly desirable and well-established The Lakes community—this property features elegant two-tone paint & modern light fixtures that give it a fresh, inviting feel. Luxury vinyl plank flooring flows throughout the main level, paired w/plush carpeting upstairs. The kitchen includes white shaker cabinets & quartz countertops, while the bathrooms have been fully upgraded with contemporary tile & designer lighting. The formal living room offers soaring vaulted ceilings, & the family rm includes a cozy gas fireplace. The primary bedroom includes two walk-in closets—one in the bedroom & another in the ensuite bath. Ceiling fans are installed in the two bedrooms for added comfort. The backyard is perfect for relaxing or entertaining, complete w/ a spa that seats up to 9 people, a pergola & a covered patio. W/ its prime location & thoughtful updates, this home offers a perfect blend of comfort, style, & convenience.

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Location


Property Details


Parking

  • Description: Attached, Garage, Guest
  • Details: Attached, Garage, Open, Private
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: West Sahara Comm Ass
  • HOA Fee: $110/quarterly

Land Information

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

Lot Information

  • Parcel ID: 16308411041
  • Lot Size: 3920 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory
  • Year Built: 1987

Tax Information

  • Annual Tax: $3,399

Utilities

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

Location

  • County: Clark

Listing Details


Listed by:
Ethel Macasaquit
Signature Real Estate Group
(267) 467-3746

Source:
Las Vegas REALTORS
MLS#: 2682337
Las Vegas REALTORS

Investment Summary


Monthly Cash Flow
-$1,190
Cap Rate
3.4%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.1%

Purchase Details

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Purchase price:
$495,000
Amount financed:
-$396,000
Down payment:
$99,000
Closing costs:
$14,850
Rehab costs:
$0
Initial cash invested:
$113,850
Square feet:
1,722
Cost per square foot:
$287
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$396,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.850%
Principal & interest:
$2,595
Property tax:
$283
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,053

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$283-$3,399
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (1%)
1%-$37-$444
Total operating expenses: (38%)
38%-$945-$11,343

Cash Flow


Monthly Yearly
Net operating income:
$1,405 $16,860
Mortgage payments:
-$2,595 -$31,140
Cash flow:
$1,190 $14,280