Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1028 Dodger Blue Avenue Las Vegas, NV 89123

4 Beds 3 Baths 2,838 sqft Built 1999

$499,999

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $176.18
  • 4 Days on Market
  • MLS # : 2272738
  • Updated Date : 02/27/2021 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,838 sqft
  • Baths : 2 full , 1 half
Listing Agent

Refined Living A Re Brokerage

Listing Agent's Description

WELCOME TO THIS OVER 2800 SQUARE FOOT, 4 BEDROOM (PRIMARY DOWNSTAIRS), 3 BATHROOMS, LOFT AND 3-CAR GARAGE HOME! THE OVERSIZED LOT FEATURES A BACKYARD OASIS PERFECT FOR ENTERTAINING SHOWCASING THE NEW SWIMMING POOL AND WATERFALL, COVERED PATIO, BUILT-IN BBQ, FIREPIT, PAVERS, PUTTING GREEN, AND ABOVE GROUND SPA! THE INTERIOR HIGHLIGHTS THE OPEN FLOOR PLAN WITH VAULTED CEILINGS, KITCHEN WITH AN ISLAND, NEW STAINLESS STEEL APPLIANCES, FAMILY ROOM WITH FIREPLACE AND NEW HARDWOOD LAMINATE FLOORS THROUGHOUT THE DOWNSTAIRS, STAIRCASE, LOFT, AND BEDROOMS! SOLAR PANELS ARE OWNED!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Silverado High School High Regular 2,263 94 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,737
Property Tax -$299
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$87

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.

$499,999

PROJECTED PRICE

$2,150

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$25,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,171

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1504$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1028 Dodger Blue Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
  • 663 Homewillow Las Vegas, NV 1
    • 5 beds 2 baths ∙ 2,745 Sqft ∙ Built 2004 5 beds 2 baths ∙ 2,745 Sqft ∙ Built 2004
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
  • 8791 Quintane Lane Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,032 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,032 Sqft ∙ Built 1997
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 1123 Aspen Breeze Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1998
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
  • 9610 Redstar Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Michael J Rebarchick
1.702.501.8726
Refined Living A Re Brokerage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272738
Last Updated: 02/27/2021
BESbswy