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1058 Whitworth Avenue Las Vegas, NV 89148

3 Beds 3 Baths 2,177 sqft Built 2019

$474,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $218.14
  • 3 Days on Market
  • MLS # : 2246341
  • Updated Date : 11/07/2020 at 01:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,177 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Amazing single story home inside Rhodes Ranch guard gated community, built in 2019 with big backyard ready for your own design. Open floor plan with a huge living room featuring an all glass back wall. The multi-slide door takes you out to the wall-to-wall covered patio. Tile flooring in the living room and all wet areas; kitchen with plenty of cabinets with 3" crown molding, granite counter tops, stainless steel appliances, including a smart fridge, huge island and walk-in pantry. Great golf-course community with 2 club houses, a restaurant, 3 pools, spas, water park, four lighted tennis courts, an exterior lighted basketball court and a full-length indoor basketball court and two racquetball courts, two sand volleyball courts, huge gym, sauna and children's playground. Just a fun place for kids and adults to call home!

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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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,752
Property Tax -$364
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$104

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$474,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 3.00%
Vacancy 7.63%
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

PROJECTED ANNUAL CASH FLOW

11530$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$127,849

INVESTMENT

$127,849

Down Payment
$118,725
Rehab Estimate
$2,000
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,9004$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1058 Whitworth Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 298 Cullerton Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2019
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 209 North Walkinshaw Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 2014
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 303 Walkinshaw Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,126 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,126 Sqft ∙ Built 2018
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 270 Cullerton Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2019
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Ileana Danciu
1.702.234.0035
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246341
Last Updated: 11/07/2020
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