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1325 Deer Horn Lane North Las Vegas, NV 89031

3 Beds 2 Baths 1,826 sqft Built 1997

$314,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $172.45
  • 3 Days on Market
  • MLS # : 2252098
  • Updated Date : 12/04/2020 at 20:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

VERY DESIRABLE HOME IN NORTH LAS VEGAS NEIGHBORHOOD. 3 BEDROOM, LARGE BONUS ROOM AND 2 BATH HOME TOTALLY RENOVATED WITH SKY LIGHTS AND FANS LOCATED THROUGHOUT. KITCHEN PAINT IS UPGRADED WITH CHIC GRAY TONES, FROM THE WALLS TO THE CUPBOARD. NEW GRANITE COUNTERTOPS ADD SOPHISTICATION. ALL NEW BASEBOARDS AND LAMINATE FLOORING THROUGHOUT, ALONG WITH NEW CARPET IN BONUS ROOM AND BEDROOMS. TANKLESS, ON DEMAND WATER HEATING SYSTEM OFFERS INSTANT HOT WATER. SOLAR PANELS ARE OWNED BUT NOT ENABLED. WATER TREATMENT SYSTEM IN FINISHED GARAGE CONVEYS WITH HOME. LIVING ROOM FEATURES A GAS FIREPLACE. ALL WINDOWS HAVE BEEN REPLACED WITH DOUBLE-PANE MIRROR VERSIONS AND QUALITY BLINDS. HURRY BECAUSE THIS HOME WILL NOT LAST LONG! WELCOME HOME!

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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: 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
Lee Antonello Elementary School Primary Regular 654 36 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Lee Antonello Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 36
7
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,162
Property Tax -$226
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$159

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.

$314,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,988

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4103$1,5004$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 1325 Deer Horn Lane North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.77
    •  
  • 1337 Deer Horn Lane North Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1997
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 1303 Healing Waters North Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1998
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 6302 Shadow Oak Drive North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 2001
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 6329 Little Elm Street North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 2005
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Stuart Z Cohen
1.702.324.6017
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2252098
Last Updated: 12/04/2020
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