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1181 Oberlin Court Las Vegas, NV 89135

5 Beds 3 Baths 3,126 sqft Built 2007

$649,950

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $207.92
  • 4 Days on Market
  • MLS # : 2261607
  • Updated Date : 01/16/2021 at 15:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,126 sqft
  • Baths : 3 full
Listing Agent

United Realty Group

Listing Agent's Description

FANTASTIC HOME AT GATED ALLERTON PARK COMMUNITY IN SUMMERLIN! THIS GORGEOUS HOME HAS 3 CAR GARAGE FLOOR PLAN 3126 SQFT 5 BEDROOMS, 3 FULL BATHROOMS WITH ONE BEDROOM DOWNSTAIRS WITH FULL BATH. ENTRY WELCOMED WITH AN OPEN VAULTED CEILING, LIVING AND FORMAL DINING SPACE. OPEN KITCHEN, GRANITE COUNTER TOPS, STAINLESS STEEL KITCHEN APPLIANCES, LARGE ISLAND, DOUBLE BUILT IN OVENS, SPACIOUS FAMILY ROOM WITH GAS FIREPLACE. SEPARATE LAUNDRY ROOM DOWNSTAIRS. HUGE UPSTAIRS LOFT IS PERFECT FOR MEDIA ROOM/ GAME ROOM/ PLAYROOM. BEAUTIFUL PARADISE BACKYARD READY TO RELAX & HOST GATHERINGS. ALLERTON PARK COMMUNITY INCLUDES COMMNITY POOL, SPA, PARK & PLAYGROUND. LOCATED NEAR DOWNTOWN SUMMERLIN SHOPPING, DINING, Las Vegas BALL PARK, GOLDEN KNIGHTS PRACTICE FACILITY AND RED ROCK NATIONAL PARK. EASY ACCESS TO FREEWAY TO DOWNTOWN Las Vegas AND THE AIRPORT.****MUST SEE*****

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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: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k380k

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

Neighborhood: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762040

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$584,955$714,945$649,950

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,258
Property Tax -$407
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
-$1

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.

$649,950

PROJECTED PRICE

$2,870

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,987

INVESTMENT

$177,987

Down Payment
$162,488
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,488
Loan Amount $487,463
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$42,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,821

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,8504$2,8705$3,000
$3,000
RENT COMPS ANALYSIS
  • 1181 Oberlin Court Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.92
    •  
  • 1244 Jamesbury Road Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,145 Sqft ∙ Built 2006 4 beds 2 baths ∙ 3,145 Sqft ∙ Built 2006
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.86
    •  
  • 11569 Hadwen Lane Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,146 Sqft ∙ Built 2006 4 beds 2 baths ∙ 3,146 Sqft ∙ Built 2006
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.86
    •  
  • 12037 Aragon Springs Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,044 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,044 Sqft ∙ Built 2007
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
  • 11709 Intervale Road Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,146 Sqft ∙ Built 2007 4 beds 2 baths ∙ 3,146 Sqft ∙ Built 2007
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Donna Hashimoto
1.702.604.6646
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261607
Last Updated: 01/16/2021
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