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10442 Baby Bud Street Las Vegas, NV 89183

3 Beds 3 Baths 1,229 sqft Built 2003

$250,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $203.42
  • 6 Days on Market
  • MLS # : 2251150
  • Updated Date : 12/04/2020 at 08:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,229 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rooftop Realty

Listing Agent's Description

This home shows pride of ownership as soon as you walk in. Nice open floor plan with kitchen overlooking living room showcasing a beautiful built-in entertainment center. This sought after 3 bedroom home has 2 full baths located upstairs with the a half bath downstairs. Lovely main bedroom with walkout balcony, newly remodeled bathroom and walk in closet. Spacious guest bedrooms all rooms have ceiling fans and overhead lights! New outside light fixtures. Wonderful community with 2 pools and 2 playgrounds, lots of parking for friends and family including an over flow parking area. Owner is including the queen hid-a-bed couch and overstuffed armchair with ottoman in sale of home!

SEE MORE

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: 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
 

$225,000$275,000$250,000

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 -$922
Property Tax -$157
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$121

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.

$250,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.55%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$32,871

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
  • $1.11

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,3704$1,3755$1,400
$1,400
RENT COMPS ANALYSIS
  • 10442 Baby Bud Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,229 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,229 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.11
    •  
  • 10445 Beautiful Fruit Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 10344 Perfect Parsley Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2002
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 537 Midsummer Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.12
    •  
  • 10453 Fancy Fern Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,230 Sqft ∙ Built 2004
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
PROPERTY LISTING DETAILS
Alysia Dewar
1.805.766.4233
Rooftop Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251150
Last Updated: 12/04/2020
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