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12033 Vento Forte Avenue Las Vegas, NV 89138

4 Beds 5 Baths 4,054 sqft Built 2016

INVESTimate

$1,195,000

List Price

$4,030

$3,780 - $4,280

Rent Est.

$1,303,148  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $294.77
  • 6 Days on Market
  • MLS # : 2222647
  • Updated Date : 08/22/2020 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,054 sqft
  • Baths : 4 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Absolutely gorgeous Toll Brothers home, gated community on a elevated corner lot that captures the amazing lights of the Las Vegas Strip & beautiful mountains views in day. Highly upgraded, two story entry, beautiful mixture of wood/stone floors, Cozy side courtyard w/fountain. Spectacular kitchen, professional stainless appliances, grand island, wine fridge, granite counters, wood floors, walk-in pantry. Bright & classy Master bedroom w/large sliding glass door, covered balcony w/strip & mountain views. Upgraded master bath, two custom walk-in closets, open loft, 4 bdrms, that includes 3 on-suite bathrooms, 1 Bed & Bath down, 5 bath, kitchen & family rm features stacking glass doors to a backyard oasis, additional outdoor living area w/both covered & open air patio area w/fireplace/TV/surround sound, custom pool spa/LED lighting, sheer decent, swim deck for lounging, drop zone & cabinets installed by California closets as you enter house from the 3 car tandem garage w/custom cabinets

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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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$4,409
Property Tax -$856
Property Insurance -$106
HOA -$114
Property Management Fees -$119
CASH FLOW
-$1,574

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.

$1,195,000

PROJECTED PRICE

$4,030

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.05%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $4,287

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,575
1$3,5752$4,0303$4,5004$4,7005$4,700
$4,700
RENT COMPS ANALYSIS
  • 12033 Vento Forte Avenue Las Vegas, NV 2
    • 4 beds 5 baths ∙ 4,054 Sqft ∙ Built 2016 4 beds 5 baths ∙ 4,054 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $0.99
    •  
  • 11550 Lampeter Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 4,144 Sqft ∙ Built 2004 3 beds 3 baths ∙ 4,144 Sqft ∙ Built 2004
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $0.86
    •  
  • 11511 Noors Avenue #0 Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 2032 Country Cove Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.14
    •  
  • 1108 Emerald Tint Las Vegas, NV 5
    • 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Doug W Thompson
1.702.378.8231
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222647
Last Updated: 08/22/2020
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