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10289 Placid Street Las Vegas, NV 89183

4 Beds 3 Baths 2,584 sqft Built 2000

$718,885

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $278.21
  • 4 Days on Market
  • MLS # : 2261986
  • Updated Date : 01/15/2021 at 23:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,584 sqft
  • Baths : 3 full
Listing Agent

Wardley Real Estate

Listing Agent's Description

WOW! STUNNING SINGLE STORY HOME WITH 4 BEDROOMS AND 3 BATHS ON NEARLY 1/2 ACRE CORNER LOT! FEATURING 2 PRIMARY BEDROOMS W/FULL BATHS & WALK-IN CLOSETS. OWNER HAS SPARED NO EXPENSE, FULLY REMODELED FROM TOP TO BOTTOM TOO MANY UPGRADES TO LIST. BEAUTIFUL SPACIOUS GREATROOM W/VAULTED CEILINGS, FIREPLACE, AND FRENCH DOORS LEADING TO YOUR FULLY LANDSCAPED RESORT STYLE BACKYARD, THAT INCLUDES A POOL, SPA, BASKETBALL COURT, COVERED PATIO, BUILT IN BBQ, AND RV PARKING! FRESH PAINT AND NEW FLOORS IN A GREAT LOCATION READY TO MOVE INTO!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

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
John C. Bass Elementary School Primary Regular 885 46 6
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

John C. Bass Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 46
6
GreatSchools Rating

Charles Silvestri Junior High School

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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$646,997$790,774$718,885

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,497
Property Tax -$388
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$811

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.

$718,885

PROJECTED PRICE

$2,270

PROJECTED RENT

0.32%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,255

INVESTMENT

$196,255

Down Payment
$179,721
Rehab Estimate
$5,750
Closing Costs
$10,783

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,497

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $179,721
Loan Amount $539,164
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9353$2,0004$2,2705$2,500
$2,500
RENT COMPS ANALYSIS
  • 10289 Placid Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.88
    •  
  • 10587 Timber Stand Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.69
    •  
  • 9627 Vital Crest Street Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,708 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,708 Sqft ∙ Built 2013
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.71
    •  
  • 10651 Medicine Bow Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2004
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 813 Dancing Vines Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,523 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,523 Sqft ∙ Built 1999
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Mirwyse Ahmady
1.702.985.8577
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261986
Last Updated: 01/15/2021
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