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10481 Saddle Mountain Street Las Vegas, NV 89178

4 Beds 4 Baths 3,690 sqft Built 2013

$530,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $143.63
  • 3 Days on Market
  • MLS # : 2253565
  • Updated Date : 12/04/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,690 sqft
  • Baths : 2 full , 2 half
Listing Agent

Vegas One Realty

Listing Agent's Description

~Fully upgraded beautiful 4 bedroom home with wonderful mountain views~ This house has a bedroom downstairs along with a full bathroom~ Perfect flooring and a built in fire place in the living room that is just amazing~ Nice full size built in BBQ in the back yard~ Covered backyard patio~ Game Room/Loft upstairs includes a bar area w/ Led Lighting~ The Primary bedroom upstairs gives you two walk in closets to enjoy~ This house amazing storage closets ~ This house will not disappoint you, you will fall in love as soon as you walk in the door~ Don't let this one get away make sure you make your appointment now to see it !!!

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
William V. Wright Elementary School Primary Regular 1,256 62 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

William V. Wright Elementary School

  • Education Level: Primary
  • # of students: 1,256
  • # of teachers: 62
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

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

$477,000$583,000$530,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,955
Property Tax -$394
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
-$247

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.

$530,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2254$2,3205$2,450
$2,450
RENT COMPS ANALYSIS
  • 10481 Saddle Mountain Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,690 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,690 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.63
    •  
  • 10084 Wild Calla Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.59
    •  
  • 8483 Elche Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.61
    •  
  • 8454 Benidorm Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,496 Sqft ∙ Built 2006 4 beds 2 baths ∙ 3,496 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.64
    •  
  • 8754 Moon Crater Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,690 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,690 Sqft ∙ Built 2013
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.66
    •  
PROPERTY LISTING DETAILS
Thomas Leigh
1.702.460.8143
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253565
Last Updated: 12/04/2020
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