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1245 Deep Valley Avenue 
North Las Vegas, NV
89084
4 Beds 3 Baths 2,115 sqft
Built 2020
INVESTimate
$335,171
List Price
$90,820
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $158.47
- 3 Days on Market
- MLS # : 2224508
- Updated Date : 08/24/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,115 sqft
- Baths : 3 full
Listing Agent
Kb Home Nevada Inc
Listing Agent's Description
Located in master planned community Tule Springs! 4 bedroom and Loft , 4thBedroom and a full bath down, White Kitchen Cabinets with Grey Quartz Contertops,9ft ceilings on first floor, Upgraded flooring, Upgraded Electrical.
SEE MORE
- 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: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,237 |
| Property Tax | -$74 | |
| Property Insurance | -$68 | |
| HOA | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$189
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$335,171
PROJECTED PRICE
$1,750
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.11% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,820
LOAN DETAILS
$1,237
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,793 |
| Loan Amount | $251,378 |
8.83
YEARS SAVED
$49,019
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
1245 Deep Valley Avenue North Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
6620 Night Owl Bluff Avenue North Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2004
![property image]()
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,475
- $0.75
-
6651 Majestic Pearl Place #0 North Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2001
![property image]()
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,599
- $0.82
-
6716 Maple Mesa Street #0 North Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2001
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,695
- $0.76
-
7043 Denio Island Street North Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2019
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.90
PROPERTY LISTING DETAILS
1.702.266.8008
Kb Home Nevada Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224508
Last Updated: 08/24/2020
