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

1146 Hacienda Avenue Las Vegas, NV 89119

3 Beds 2 Baths 1,372 sqft Built 1974

$319,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $233.16
  • 4 Days on Market
  • MLS # : 2256324
  • Updated Date : 12/18/2020 at 12:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Rustic Properties

Listing Agent's Description

FULLY RENOVATED 3 BEDROOM SINGLE STORY POOL HOUSE ON MASSIVE LOT!!! This house received a head-to-toe DESIGNER makeover: ALL NEW roof, ALL NEW interior/exterior paint, ALL NEW waterproof LVP flooring, ALL NEW quartz counters throughout, ALL NEW fixtures/hardware, REFINISHED pool area with BRAND NEW EQUIPMENT, AND SO MUCH MORE!!! The floor plan features an UPDATED oversized kitchen, HUGE living room with DESIGNER SELECTED tile fireplace/surround, and RESORT-STYLE backyard with large swimming pool!!! IDEALLY situated near parks, shopping, dining, SCHEDULE A TOUR TODAY!!!

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: 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
Jack Dailey Elementary School Primary Regular 698 41 6
Helen C. Cannon Middle School Middle Regular 867 39 NA
Del Sol High School High Regular 2,051 73 2

Jack Dailey Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 41
6
GreatSchools Rating

Helen C. Cannon Middle School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 39
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,180
Property Tax -$123
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$76

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.

$319,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,399

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,3504$1,3805$1,400
$1,400
RENT COMPS ANALYSIS
  • 1146 Hacienda Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 1031 East Hacienda Avenue Las Vegas, NV 1
    • 4 beds 1 baths ∙ 1,296 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,296 Sqft ∙ Built 1963
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 942 Toni Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1961
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 5373 Maryland Parkway Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1963
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 5272 Maryland Parkway #a Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.02
    •  
PROPERTY LISTING DETAILS
Noah Bates
1.702.551.4381
Rustic Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256324
Last Updated: 12/18/2020
BESbswy