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12282 Argent Bay Avenue Las Vegas, NV 89138

4 Beds 4 Baths 2,576 sqft Built 2016

$530,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $205.75
  • 10 Days on Market
  • MLS # : 2258304
  • Updated Date : 01/14/2021 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,576 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

72 HOUR HOME SALE. INQUIRE NOW. ENCHANTED, TASTEFUL, PREMIUM UPGRADED 4 BEDROOM, 4 BATH, 2 CAR GAR HOME IN EXCLUSIVE SUMMERLIN VILLAGE THE PASEOS TEVARE GATED COMMUNITY. Luxury Kitchen Feat. Whirlpool Stainless Steel Appls, High Grade Granite Counters, Oversized Island, Brkfast Bar, Custom Cabs, Built-in Oven + Microwave, Kohler Sink. Master Suite Incl. Dbl Walk-in Closets, Ceiling Fan/Lt, Expanded Balcony w/ Mountain Views. Master Bath w/ His + Hers Vanities, Spa Shower, Soaking Tub. Central Wifi/Cat 5 Package/Fiber Fast Internet. Soft H2O Loop, 2 Tone Upgraded Paint, 9 Ft Ceiling. Moen Chateau Watersense Chrome in Baths. Masterbrand Brellin Cabinets. Cultured Marble + Moen Faucets in Baths. Radiant Barrier Roof Sheathing. Gar Keyless Entry. Samsung Washer/Dryer in Laundy Rm. 14 Seer AC. Parks, Walking trails, and Close to Red Rock, Downtown Summerlin, and the 215 Freeway. Years left on Builders (KB) Warranty

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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,841
Property Tax -$460
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$223

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.

$530,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.51%

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$55,243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,711

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7204$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 12282 Argent Bay Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,576 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,576 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.06
    •  
  • 12281 Terrace Verde Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 366 Port Reggio Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,763 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,763 Sqft ∙ Built 2015
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
  • 12320 Kings Meadow Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2013
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.15
    •  
  • 12225 Terrace Verde Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Randy H Milmeister
1.702.239.8400
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258304
Last Updated: 01/14/2021
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