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120 Buffalo Gap Court North Las Vegas, NV 89084

4 Beds 2 Baths 3,113 sqft Built 2009

$430,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $138.13
  • 7 Days on Market
  • MLS # : 2265266
  • Updated Date : 02/04/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,113 sqft
  • Baths : 2 full
Listing Agent

First Full Service Realty

Listing Agent's Description

Gorgeous 4 bedroom home nestled in a gated community with lots of upgrades. Amazing oasis back yard with beautiful paver decking & rock work surrounding patio, pool & spa (brand new pool pump and salt cell), fire pit and built in BBQ & Kitchen with Beer tap & refrigerator, cooktop, backyard automatic lighting & outdoor speaker system so perfect for entertaining. Beautiful new woodgrain garage doors, Clear coat paver driveway, finished garage floor makes for the perfect man cave. Spacious kitchen with huge island, stainless steel appliances, breakfast nook & plenty of cabinet storage space. Formal living room and dining & family room. Upstairs & downstairs in ceiling wired theater system. Large master suite room has a balcony. Master bath has dual sinks, makeup area, separate garden tub & shower. New two coat satin paint & trim entire outside body of the house. Desert Landscaping! Make an appointment today to view this incredible home.

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: Twilight at North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k401k

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

Neighborhood: Twilight at North Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9671766

* 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
Don E. Hayden Elementary School Primary Regular 702 38 6
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Legacy High School High Regular 2,819 119 3

Don E. Hayden Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 38
6
GreatSchools Rating

Clifford O. Findlay Middle School

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

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,494
Property Tax -$365
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$25

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.

$430,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.47%

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$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,070

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,0403$2,0504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 120 Buffalo Gap Court North Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,113 Sqft ∙ Built 2009 4 beds 2 baths ∙ 3,113 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.66
    •  
  • 36 Delighted Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,036 Sqft ∙ Built 2008 4 beds 2 baths ∙ 3,036 Sqft ∙ Built 2008
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.58
    •  
  • 112 Delighted Avenue North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,036 Sqft ∙ Built 2008
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
  • 37 Delighted Avenue North Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,410 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,410 Sqft ∙ Built 2007
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
  • 44 Delighted Avenue North Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,150 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,150 Sqft ∙ Built 2008
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
PROPERTY LISTING DETAILS
Damien Pham
1.702.826.0559
First Full Service Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265266
Last Updated: 02/04/2021
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