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11545 Giles Street Las Vegas, NV 89183

3 Beds 3 Baths 1,483 sqft Built 2007

$302,750

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $204.15
  • 6 Days on Market
  • MLS # : 2244525
  • Updated Date : 11/04/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,483 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Original owner of this 2-story used it as a 2nd home the entire time. Downstairs, the living room has wood laminate flooring that continues into the large eat-in kitchen with granite countertops, pantry, stainless steel sink, and built-in microwave over the gas stove. Large windows and glass slider allow for natural light. Slider leads from the kitchen to the low-maintenance backyard with rock landscaping and a concrete patio. Primary bedroom upstairs is spacious with a large walk-in closet, bathroom with solid surface counters, dual under-mounted sinks and the KB homes super bath (separate, large tub and shower). Hall bathroom also has dual under-mounted sinks and same solid surface counters as the primary bath. The other 2 bedrooms are upstairs with mirrored closet doors and ceiling fans. The laundry room is conveniently located upstairs. Neighborhood has close access to both St. Rose Parkway and Las Vegas Blvd.

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: 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
 

$272,475$333,025$302,750

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,117
Property Tax -$190
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$12

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.

$302,750

PROJECTED PRICE

$1,470

PROJECTED RENT

0.49%

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

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$85,979

INVESTMENT

$85,979

Down Payment
$75,688
Rehab Estimate
$5,750
Closing Costs
$4,541

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,117

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,688
Loan Amount $227,063
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$23,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,468

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4704$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 11545 Giles Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.99
    •  
  • 11532 Elcadore Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2008
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 11692 Stivali Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2004
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 11568 Elcadore Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2008
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 11556 Elcadore Street #0 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2008
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Ron Ventura
1.702.907.1101
Allison James Estates & Homes
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244525
Last Updated: 11/04/2020
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