Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10574 Saguaro Blossom Street Las Vegas, NV 89179

4 Beds 2 Baths 2,525 sqft Built 2018

$399,888

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $158.37
  • 23 Days on Market
  • MLS # : 2246747
  • Updated Date : 11/28/2020 at 08:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 2 full
Listing Agent

Very Vintage Vegas Realty

Listing Agent's Description

PARADISE BY THE PARK! Stunning, Upgraded 2018 'Valencia' model w/ Captivating Gourmet Kitchen w/ Quartz Island perfect for entertaining. Conversations flow from your dining area to great room. Upgraded Cabinets, Subway tile backsplash, Stainless Appliances & Lighted Walk-In Pantry make hosting a breeze! Custom Window Treatments, 9ft Ceilings, Tile Floors through your great room. Upstairs through the loft to your luxurious 500 sq. ft Primary Suite. Get lost in your wardrobe with a massive 155 sq. ft walk-in closet flowing right from the primary to your upstairs laundry.. so convenient! The generous secondary bedrooms easily accommodate large beds, a desk & STILL feel spacious. Separate Guest bedroom downstairs can be Home Office or multi-gen bedroom with a 3/4 bath adjacent. Massive Mountain’s Edge Regional Park, Baseball, Soccer Fields & Trails are just around the corner. Mountain trails & open BLM Land just 1.8mi away when you need to enjoy the great outdoors. THIS is HOME!

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

Zip Code: 89179

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89179

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9611875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
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
 

$359,899$439,877$399,888

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,475
Property Tax -$315
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$176

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.

$399,888

PROJECTED PRICE

$1,810

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$111,720

INVESTMENT

$111,720

Down Payment
$99,972
Rehab Estimate
$5,750
Closing Costs
$5,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,972
Loan Amount $299,916
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,951

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,8953$1,8954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 10574 Saguaro Blossom Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,525 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,525 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.72
    •  
  • 10092 Mallee Point Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2013
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 10088 Cloud Break Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2013
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
  • 8315 Cupertino Heights Way Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2006
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 7727 Windy Meadow Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,705 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,705 Sqft ∙ Built 2006
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
PROPERTY LISTING DETAILS
Stephen P Christmas
1.702.686.2036
Very Vintage Vegas Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246747
Last Updated: 11/28/2020
BESbswy