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1226 Jamesbury Road Las Vegas, NV 89135

4 Beds 3 Baths 2,744 sqft Built 2006

$525,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

$144,875

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $191.33
  • 4 Days on Market
  • MLS # : 2271804
  • Updated Date : 02/21/2021 at 05:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,744 sqft
  • Baths : 3 full
Listing Agent

Garden Realty Llc

Listing Agent's Description

Great home located at the heart of Summerlin! Open floor plan, Spacious kitchen w/ granite countertop. Spacious Loft on 2nd floor. next to I-215 exit, downtown Summerlin.....

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: 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
 

FINANCIALS

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$472,500$577,500$525,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,824
Property Tax -$370
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$117

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.

$525,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.48%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment		 $131,250
Rehab Estimate		 $5,750
Closing Costs		 $7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$45,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT

  • $0.91

    LIST RENT PER SQFT

  • $2,497

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4903$2,5004$2,5105$2,695
$2,695
RENT COMPS ANALYSIS
  • 1226 Jamesbury Road Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.91
    •  
  • 1077 Oak Fair Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2008
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 1081 Oak Fair Street #0 Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,739 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,739 Sqft ∙ Built 2008
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.91
    •  
  • 11693 Bradford Commons Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 11763 Longworth Road Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.98
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Michael M Cheung
1.702.778.6338
Garden Realty Llc
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271804
Last Updated: 02/21/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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