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1001 Transom Drive Las Vegas, NV 89128

3 Beds 2 Baths 1,378 sqft Built 1993

$329,990

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $239.47
  • 2 Days on Market
  • MLS # : 2265461
  • Updated Date : 01/31/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,378 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

FRESH AND CLEAN* One Story Home with 3 Bedrooms and 2 Baths, 2 Car Garage and RV BOAT Parking! Just Outside of Summerlin and Dessert Shores, NO HOA FEES!!! Just 4 houses away from Pioneer Park! New Paint, New Carpet, Newly update cabinets and Granite counters in Kitchen and Bathrooms! ALL Appliances included. Frig, Washer-Dryer-Microwave. Updated LED lighting, Tile floors in Kitchen/Dining Area and major walking areas. Large Covered patio in back. RV BOAT PARKING! *12' RV GATE* 20' wide X 35' Deep RV concrete slab area* Big Shed in back is also included. Large corner Cul-De-Sac lot just 1 minute walk to the park! Great Central location, Close to shopping, Walking distance to Trader Joes, WinCo and Lowe's. Close to schools and parks* This Clean and MOVE IN READY Home can be yours if you CALL NOW!!! Don't miss out. Come see it TODAY before its GONE!!!

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Pioneer Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pioneer Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9551606

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Edythe And Lloyd Katz Elementary School Primary Regular 711 36 4
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Edythe And Lloyd Katz Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 36
4
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$296,991$362,989$329,990

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,146
Property Tax -$181
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$130

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$329,990

PROJECTED PRICE

$1,370

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,197

INVESTMENT

$93,197

Down Payment
$82,498
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,498
Loan Amount $247,493
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$11,630

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,370

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,371

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4503$1,4504$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 1001 Transom Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.99
    •  
  • 1201 Olvera Way Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1993
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 1225 Olvera Way Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 1313 Olvera Way Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 1248 Pacific Terrace Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1991
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
PROPERTY LISTING DETAILS
Randall D Carlson
1.702.355.1000
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265461
Last Updated: 01/31/2021
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