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10551 Longoria Garden Street Las Vegas, NV 89141

4 Beds 4 Baths 1,976 sqft Built 2007

$330,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $167.00
  • 5 Days on Market
  • MLS # : 2247844
  • Updated Date : 11/12/2020 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 3 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

WOW!!! Great Tri-Level home located in the southwest with 4 Beds and 3 1/2 Baths. Kitchen has Granite counter tops , Stainless Steel appliances and a Breakfast Bar. Kitchen opens to Living room for a very open feeling. Great sized master bedroom with walk in closet. Plus 2 additional bedrooms on third floor. Fist floor has full bath with the downstairs loft that could easily be a 5th bedroom. Private yard. ***FIND PROPERTY ON ZILLOW FOR PROPER VIRTUAL TOUR***

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
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,218
Property Tax -$227
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$119

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.

$330,000

PROJECTED PRICE

$1,510

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$15,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,5104$1,5505$1,740
$1,740
RENT COMPS ANALYSIS
  • 10551 Longoria Garden Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007 4 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.76
    •  
  • 10641 Cactus Brush Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 2007
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.82
    •  
  • 6413 Foxen Court Las Vegas, NV 2
    • 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
    •  
  • 10591 Mann Street Las Vegas, NV 4
    • 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 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
Tal Iozef
1.702.553.5589
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247844
Last Updated: 11/12/2020
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