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128 Macoby Run Street Las Vegas, NV 89148

4 Beds 3 Baths 2,886 sqft Built 2003

$399,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $138.57
  • 2 Days on Market
  • MLS # : 2258572
  • Updated Date : 01/02/2021 at 22:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,886 sqft
  • Baths : 3 full
Listing Agent

Property Vegas, Llc

Listing Agent's Description

Spacious House with Huge 2nd Floor Loft, cozy fireplace in the living room, big downstairs walk-in-closet-Bedroom with Full Bath downstairs. French shutter windows throughout downstairs. Covered Backyard equipped with built-in BBQ Island, granite counter tops in the Kitchen with stainless steel dishwasher, stove, microwave. Surround sound wired with speakers, ceiling fans throughout Entire House. Upstairs huge balcony with new tile floor right in front of the master bedroom is a plus. Tucked away from the major traffic and very quiet. This is a gem and ready to be your home. This property is located in the Rhodes Ranch Golf course community with huge waterpark, Olympic pool, tennis, basketball, racquet ball court, table tennis, pool table room, gym, activity rooms, function room, club house are all included. 24 hours guarded gate security is provided.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,475
Property Tax -$294
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$419

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.

$399,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$79,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,395

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3903$2,3954$2,5405$2,595
$2,595
RENT COMPS ANALYSIS
  • 128 Macoby Run Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.83
    •  
  • 267 Hickory Heights Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2003
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 133 Macoby Run Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2003
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
  • 190 Flying Hills Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,780 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,780 Sqft ∙ Built 2003
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.91
    •  
  • 172 Flying Hills Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2003
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Chaely S Chan
1.702.808.8983
Property Vegas, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258572
Last Updated: 01/02/2021
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