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12284 Montura Rosa Place Las Vegas, NV 89138

3 Beds 2 Baths 2,417 sqft Built 2005

$725,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $299.96
  • 5 Days on Market
  • MLS # : 2250685
  • Updated Date : 11/25/2020 at 08:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,417 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

THIS CHARMING SINGLE STORY HOME IS PERFECT FOR SIMPLE LIVING AND ENTERTAINING. IT SITS ON OVER 1/4 ACRE IN THE PASEOS OF SUMMERLIN AND FEATURES A BEAUTIFUL COURTYARD, GORGEOUS PRIVATE BACKYARD WITH MATURE TREES, COVERED PATIO, BUILT-IN BARBECUE, SPARKLING POOL AND SPA. SHUTTERS THROUGHOUT ENTIRE HOME WITH EAT-IN KITCHEN THAT FEATURES SS APPLIANCES, GRANITE COUNTER TOPS, BREAKFAST NOOK, PANTRY AND LOTS OF ADDITIONAL CABINETS. SEPARATE FORMAL DINING AND COZY LIVING ROOM WITH GAS FIREPLACE AND SPACIOUS FAMILY ROOM WITH BUILT IN BOOKSHELVES. SECONDARY BEDROOMS ARE SEPARATE FROM THE PRIMARY BEDROOM AND ALL OF THE CLOSETS ARE CUSTOM BUILT. TWO CAR GARAGE WITH BUILT IN SHELVES.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,675
Property Tax -$472
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$570

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.

$725,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,429

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,5954$2,6005$2,770
$2,770
RENT COMPS ANALYSIS
  • 12284 Montura Rosa Place Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,417 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,417 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.15
    •  
  • 921 Tudela Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 2005
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 928 Tafalla Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2006
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 824 Colina Alta Place Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2005
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.03
    •  
  • 12220 Capilla Real Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 2006
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Rhonda N Allen
1.702.485.9021
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250685
Last Updated: 11/25/2020
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