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110 Opulent Rose Avenue Las Vegas, NV 89183

4 Beds 3 Baths 2,706 sqft Built 2018

$510,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $188.47
  • 6 Days on Market
  • MLS # : 2265751
  • Updated Date : 02/03/2021 at 01:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,706 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Southwe

Listing Agent's Description

Featured on The American Dreams National TV show, this Elegantly designed home touched with rustic simplicity can now be yours, as you’re sure to fall in love with it’s dramatic appeal. At 2946 sq. ft. (Sadie Model), this home boasts ample living space w/a study downstairs and loft up. Notice the 9Ft ceilings and 8ft doors. Gourmet Kitchen has so many features from its granite countertops, large island and double ovens to the large walk-in pantry and 42 inch cabinets. Immaculate wood like flooring through out and upgraded master carpets. Master also features a large soaking tub, walk in shower and 2 great sized master closets. Memories are sure to be made in this beautifully landscaped backyard featuring low maintenance desert landscaping and artificial turf. Fall in love with your front exterior stone accents and stone paved driveway as you leave to enjoy the explosion of new retail and restaurants or watch a game at the New Allegiant stadium only 10 min away.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
Steve Schorr Elementary School Primary Regular 1,042 54 7
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Steve Schorr Elementary School

  • Education Level: Primary
  • # of students: 1,042
  • # of teachers: 54
7
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,771
Property Tax -$320
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$400

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.

$510,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.37%

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$1.4M$1.6M$1.8M

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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$1,9504$1,9955$2,400
$2,400
RENT COMPS ANALYSIS
  • 110 Opulent Rose Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.70
    •  
  • 11662 Elianto Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,774 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,774 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
  • 11593 Autunno Street Las Vegas, NV 3
    • 5 beds 2 baths ∙ 2,774 Sqft ∙ Built 2004 5 beds 2 baths ∙ 2,774 Sqft ∙ Built 2004
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 11744 San Rossore Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2002
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 84 Kaku Ridge Way Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 2017
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Carley Sullins-herman
1.702.460.3063
Keller Williams Realty Southwe
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265751
Last Updated: 02/03/2021
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