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1127 Boulder Shore Avenue North Las Vegas, NV 89081

4 Beds 3 Baths 1,965 sqft Built 1997

$324,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $165.34
  • 10 Days on Market
  • MLS # : 2263832
  • Updated Date : 01/25/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,965 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Central

Listing Agent's Description

POOL (WITH SEPARATE FENCE) HAS JUST BEEN CLEANED AND FILLED! READY FOR SUMMER! COVERED PATIO. COVERED FRONT ENTRY, SECURITY DOOR. 2 STORY HIGH LIVING AND DINING ROOMS. 4 BEDROOM 2 STORY HOME. SECOND FLOOR HALL OVERLOOKS THE MAIN FLOOR LIVING AND DINING ROOMS. ISLAND KITCHEN WITH LOTS OF COUNTER SPACE AND STORAGE. SEPARATE LAUNDRY ROOM. WORKBENCH IN GARAGE. NEARBY AMENITIES INCLUDE CRAIG RANCH REGIONAL PARK, RTC BUS LINE, THE CANNERY. WILL CONSIDER HOMEBUYER AND INVESTOR OFFERS.

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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: Cobblestone Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Cobblestone Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9481603

* 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
Raul Elizondo Elementary School Primary Regular 774 42 5
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

Raul Elizondo Elementary School

  • Education Level: Primary
  • # of students: 774
  • # of teachers: 42
5
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,129
Property Tax -$233
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$234

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$324,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$40,369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,7804$1,8455$1,895
$1,895
RENT COMPS ANALYSIS
  • 1127 Boulder Shore Avenue North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.91
    •  
  • 4828 Harold Street North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2010
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.86
    •  
  • 4637 Possum Berry Lane North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1996
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 4813 Bride Street North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 2010
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.89
    •  
  • 4617 Silver Shore Court North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1997
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
PROPERTY LISTING DETAILS
Eileen Anne Coming
1.702.460.2193
Re/max Central
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263832
Last Updated: 01/25/2021
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