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12231 Lost Treasure Avenue Las Vegas, NV 89138

5 Beds 3 Baths 3,805 sqft Built 2015

$950,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $249.67
  • 3 Days on Market
  • MLS # : 2278040
  • Updated Date : 03/13/2021 at 20:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,805 sqft
  • Baths : 2 full , 1 half
Listing Agent

Heidel Realty

Listing Agent's Description

This absolutely stunning 5 bedroom Summerlin home is ready to go! Beautiful Strip and mountain views! The gorgeous open chef's kitchen boasts a huge island with breakfast bar, stainless steel appliances, wine refrigerator, butler pantry, upgraded lighting, pretty back splash, and more! The large low-maintenance backyard has a sparkling pool, and built-in BBQ, and covered patio with ceiling fans. Bedroom and bath downstairs for convenience! Great loft space upstairs! Master bedroom boasts a balcony and sliding barn door to master bath. Double sinks, make up counter/vanity, and separate shower and tub in the master bath. Great location in a gated community that's close to freeway, Red Rock Canyon, shopping, schools, and more! TRULY A MUST-SEE! Come view this one today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$3,300
Property Tax -$670
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
$340

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.

$950,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$95,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,530

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $4,918

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,5003$4,5304$5,0005$5,500
$5,500
RENT COMPS ANALYSIS
  • 12231 Lost Treasure Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,805 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,805 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $4,530
    • $1.19
    •  
  • 928 White Feather Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.13
    •  
  • 869 Las Palomas Drive #0 Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 2006
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.30
    •  
  • 1990 Country Cove Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,739 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,739 Sqft ∙ Built 2005
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.34
    •  
  • 12134 Cabo Rojo Avenue Las Vegas, NV 5
    • 6 beds 3 baths ∙ 3,934 Sqft ∙ Built 2015 6 beds 3 baths ∙ 3,934 Sqft ∙ Built 2015
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.40
    •  
PROPERTY LISTING DETAILS
Tamara Heidel
1.702.820.2200
Heidel Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278040
Last Updated: 03/13/2021
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