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10651 Aphrodite Street Las Vegas, NV 89183

4 Beds 3 Baths 2,904 sqft Built 2018

$475,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $163.57
  • 10 Days on Market
  • MLS # : 2243717
  • Updated Date : 11/05/2020 at 11:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,904 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous modern home in this sought after neighborhood! This amazing, America West home is only 2 1/2 years old! Easy access to major shopping, freeway & the south Strip. This impeccably kept, 4 bedroom 3 bathroom home with fabulous loft won't last long! All gourmet kitchen appliances stay WITH custom built double fridges perfect for entertaining. Maintenance free backyard with a 36' fully covered patio with outdoor fans is perfect all year long. Gorgeous laminate flooring downstairs with neutral carpet in bedrooms. The master bathroom is amazing! Specially designed "bath in shower" is a one of a kind! The bluetooth speaker remains with the sale. Upstairs loft has full closet and can be enclosed to create a 5th bedroom. Welcome home! (Professional Photos Coming today or tomorrow)

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
John C. Bass Elementary School Primary Regular 885 46 6
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

John C. Bass Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 46
6
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,753
Property Tax -$346
Property Insurance -$83
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.

$475,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$49,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,410

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,3504$2,4205$2,895
$2,895
RENT COMPS ANALYSIS
  • 10651 Aphrodite Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.83
    •  
  • 10568 Salmon Leap Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 10651 Medicine Bow Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2004
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 10707 Shasta Glow Court Henderson, NV 3
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2007
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 10583 Parthenon Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2017
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Erin Pierson-mills
1.702.265.5756
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243717
Last Updated: 11/05/2020
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