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1316 Nature Loop Avenue North Las Vegas, NV 89031

4 Beds 3 Baths 2,226 sqft Built 2016

$328,888

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $147.75
  • 3 Days on Market
  • MLS # : 2265199
  • Updated Date : 01/31/2021 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,226 sqft
  • Baths : 3 full
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

Home is where the heart is when you visit this traditional style GEM nestled in the heart of the Elegant Planned Community of Eldorado in Las Vegas's prominent North Las Vegas area. You won't be disappointed when you walk into the entryway of this beautiful home that leads you to a huge family room, large kitchen accompanied w/ Stainless steel/black appliances. Boasting 4 bedrooms, 3 baths, Loft, tile floors, carpet, granite counter tops and so much more. Don't hesitate, be the first to take a tour. This property is hot off the press, priced well, and ready to go. Contact List agent today for a private showing!

SEE MORE

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: El Dorado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k347k

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

Neighborhood: El Dorado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
Fredric W Watson Elementary School Primary Regular 648 36 2
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

Fredric W Watson Elementary School

  • Education Level: Primary
  • # of students: 648
  • # of teachers: 36
2
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$295,999$361,777$328,888

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,142
Property Tax -$287
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$181

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.

$328,888

PROJECTED PRICE

$1,800

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,905

INVESTMENT

$92,905

Down Payment
$82,222
Rehab Estimate
$5,750
Closing Costs
$4,933

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,142

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,222
Loan Amount $246,666
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$37,468

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,8504$1,8755$1,995
$1,995
RENT COMPS ANALYSIS
  • 1316 Nature Loop Avenue North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 1321 Lamance North Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 2015
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
  • 5444 Emerald Basin Street North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2015
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 5444 Indigo Ridge Street North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2016
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.80
    •  
  • 5424 Indigo Ridge Street North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 2016
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Justin D Harper
1.702.808.6917
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265199
Last Updated: 01/31/2021
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