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10399 Baby Bud Street Las Vegas, NV 89183

3 Beds 3 Baths 1,230 sqft Built 2003

$255,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $207.32
  • 4 Days on Market
  • MLS # : 2263217
  • Updated Date : 01/21/2021 at 11:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

*** WOW *** EVERYTHING INCLUDED!!! This is THE One....Turnkey Ready!! Spacious Kitchen with Plethora of Storage, ALL Stainless Steel Appliances Included....Washer & Dryer Included!! Nice Size Living Area with Open Dining and Kitchen View, Ready for Entertaining! Owner's Suite with Private Balcony, Generously Sized Closet with TONS of Storage, Good Sized Secondary Bedrooms, Large Patio Area for Extended Living Space. MULTIPLE POOLS & PARKS, Ready to ENJOY!! Ready for a New Owner, Schedule your Viewing TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$886
Property Tax -$158
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$137

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.

$255,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$29,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,402

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4004$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 10399 Baby Bud Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 10344 Perfect Parsley Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2002
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 10453 Fancy Fern Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 10384 Midseason Mist Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2002
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 10407 Perfect Parsley Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2003
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.18
    •  
PROPERTY LISTING DETAILS
Shawn Hong
1.702.335.8200
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263217
Last Updated: 01/21/2021
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