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10542 Siesta Key Street Las Vegas, NV 89141

3 Beds 3 Baths 1,761 sqft Built 2015

$339,997

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $193.07
  • 6 Days on Market
  • MLS # : 2244391
  • Updated Date : 11/07/2020 at 13:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Gorgeous 3 bedroom/2.5 bath, 2 story home, located in SW Las Vegas! The home opens up to a spacious living room and kitchen, featuring built in double ovens, granite countertops, stainless steel appliances, reverse osmosis and upgraded cabinets. Hardwood flooring throughout the downstairs living area; shutters on windows throughout the home, ceiling fans in every room, smart garage, and the interior has been freshly painted. The upstairs features 3 bedrooms and a loft, with a balcony off of the master bedroom. New water heater recently installed, and all appliances included! Come see this beauty before it's gone!

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: 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
Charles And Phyllis Frias Elementary School Primary Regular 802 41 10
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Charles And Phyllis Frias Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 41
10
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
 

$305,997$373,997$339,997

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,254
Property Tax -$245
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$120

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.

$339,997

PROJECTED PRICE

$1,560

PROJECTED RENT

0.46%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,849

INVESTMENT

$95,849

Down Payment
$84,999
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,999
Loan Amount $254,998
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5603$1,5954$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 10542 Siesta Key Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.89
    •  
  • 10528 Verona Wood Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2010
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 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
    •  
  • 6442 Oak Savanna Court #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 2007
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 6478 Arched Rock Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Mike S Roland
1.702.575.7217
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244391
Last Updated: 11/07/2020
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