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12289 Lost Treasure Avenue Las Vegas, NV 89138

5 Beds 4 Baths 3,805 sqft Built 2014

INVESTimate

$825,000

List Price

$4,580

$4,330 - $4,830

Rent Est.

$899,663  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $216.82
  • 3 Days on Market
  • MLS # : 2224147
  • Updated Date : 08/25/2020 at 09:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,805 sqft
  • Baths : 3 full , 1 half
Listing Agent

Synergy Sothebys Int'l Realty

Listing Agent's Description

Stunning home in gated Esperanza/Paseos w/ Strip, city & mountain views! This home offers it all! Highly upgraded t/o w/ slate tile & wood lam flrs, espresso cabinets, granite counters, stainless appliances, designer lighting, custom paint & more! Open flr plan w/ high ceilings & tons of natural light. Formal LR/DR + sep FR. Two bedrooms w/ 1.5 baths down, master, two bedrooms w/ full bath, laundry & huge loft up. Chef's kitchen island, eating area, W/I pantry + bar/pass through opens to adjacent FR w/ cozy FP w/ stacked stone wall surround. Incredible master suite with coffee bar, 2 W/I closets & covered balcony providing amazing views of Strip/city/mountains. Resort style backyard offers a custom pool/spa & firepit, expansive covered patio and outdoor fireplace. Get out & explore Red Rock and the multiple parks close by!

SEE MORE

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
 

$742,500$907,500$825,000

PURCHASE PRICE

$4,122$5,038$4,580

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k$60k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$3,044
Property Tax -$675
Property Insurance -$101
HOA -$68
Property Management Fees -$119
CASH FLOW
$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.

$825,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.56%

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$129,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,580

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $4,623

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,9953$4,5804$5,0005$5,500
$5,500
RENT COMPS ANALYSIS
  • 12289 Lost Treasure Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $4,580
    • $1.20
    •  
  • 12245 Montura Rosa Place Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.99
    •  
  • 928 White Feather Lane Las Vegas, NV 2
    • 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
    •  
  • 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
Amy D Kuhl
1.702.460.8110
Synergy Sothebys Int'l Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224147
Last Updated: 08/25/2020
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