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10462 Mandolina Hills Street Las Vegas, NV 89141

3 Beds 3 Baths 1,813 sqft Built 2010

$300,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $165.47
  • 4 Days on Market
  • MLS # : 2263027
  • Updated Date : 01/22/2021 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,813 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Amazing 3-level home located on a corner lot! On the first level you will find a den with wood laminate floors, full bath with access to the back yard patio, perfect for entertaining. Second floor features kitchen and open concept living area with wood laminate flooring. Kitchen with granite counters, island with breakfast bar, tile flooring and stainless steel appliance, all included! Enjoy the strip views from your dining room or relax outside on your second floor balcony! Third level has 3 bedrooms and 2 bathrooms. Low HOA fees! This home is Solar powered. Save on energy costs! Average monthly NV Energy bill is $58.35 WOW!!! Don't miss out this great home will sell fast!!

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Aldeane Comito Ries Elementary School Primary Regular 975 57 4
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Aldeane Comito Ries Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 57
4
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,042
Property Tax -$224
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$93

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.

$300,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$28,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5403$1,5954$1,5955$1,740
$1,740
RENT COMPS ANALYSIS
  • 10462 Mandolina Hills Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.85
    •  
  • 6413 Foxen Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2010
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 10485 Mandolina Hills Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2009
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 10557 Longoria Garden Street #- Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2007
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 10453 Mann Street #0 Las Vegas, NV 5
    • 4 beds 4 baths ∙ 1,976 Sqft ∙ Built 2010 4 beds 4 baths ∙ 1,976 Sqft ∙ Built 2010
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.88
    •  
PROPERTY LISTING DETAILS
Alex Rivlin
1.702.219.2000
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263027
Last Updated: 01/22/2021
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