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105 Ave Marina Avenue North Las Vegas, NV 89031

4 Beds 3 Baths 2,432 sqft Built 2016

$345,999

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $142.27
  • 4 Days on Market
  • MLS # : 2247939
  • Updated Date : 11/13/2020 at 07:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

THIS IS YOUR NEW HOME!!! RARE SINGLE STORY PROPERTY ON CUL DE SAC IN PRISTINE CONDITION! 4 BDRMS PLUS DEN/OFFICE, DUAL MASTER BDRMS, WALK-IN CLOSET, SEPARATE LIVING ROOM AND SPACIOUS FAMILY ROOM, CEILING FANS THROUGHOUT, UPGRADED CUSTOMED FLOORING, GRANITE COUNTER TOPS, COVERED PATIO WITH WELL MAINTAINED YARD, GLASS FRENCH DOOR ENTRY TO OFFICE, AMAZING CUSTOM TWO TONE PAINT SCHEMES! VERY EASY TO SHOW! VISIT US 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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Raul Elizondo Elementary School Primary Regular 774 42 5
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

Raul Elizondo Elementary School

  • Education Level: Primary
  • # of students: 774
  • # of teachers: 42
5
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$311,399$380,599$345,999

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,277
Property Tax -$324
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$54

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$345,999

PROJECTED PRICE

$1,740

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,440

INVESTMENT

$97,440

Down Payment
$86,500
Rehab Estimate
$5,750
Closing Costs
$5,190

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,277

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,500
Loan Amount $259,499
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6254$1,6955$1,740
$1,740
RENT COMPS ANALYSIS
  • 105 Ave Marina Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.72
    •  
  • 808 Caballo Hills Avenue North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2006
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.69
    •  
  • 613 Sonoran Heights Avenue North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2006
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 16 Frad Avenue North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2005
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.70
    •  
  • 5329 Tustin Hills Street North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2005
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
PROPERTY LISTING DETAILS
Clarence Long
1.702.278.3931
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247939
Last Updated: 11/13/2020
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