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1330 Rosanna Street Las Vegas, NV 89117

4 Beds 2 Baths 2,097 sqft Built 1986

$625,000

List Price

$2,230

$2K - $2.5K

Rent Est.

$171,375

Investment Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $298.04
  • 5 Days on Market
  • MLS # : 2256075
  • Updated Date : 12/16/2020 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,097 sqft
  • Baths : 2 full
Listing Agent

Congress Realty

Listing Agent's Description

Well maintained 4 BR 3 Bath Ranch, upgrades include tile floors, custom window frames, Large 720 sq ft covered patio, private pool. Fully stocked 12 car Detached garage with heat, cooling, LED lights, Car lift, Plumbed compressed air, WiFi, Surround sound, Work benches, power tools, air tools. RV parking with 16 ft wide Doors and 14 ft ceiling with skylights. Separate RV parking with RV gate On the other side of the property. Perfect property for car Collectors or hobbyist. House and garage are turn key. Garage cannot Be seen from the street. Corner lot on Cul De Sac.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762045

* 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
Herbert A. Derfelt Elementary School Primary Regular 699 34 6
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Herbert A. Derfelt Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 34
6
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$562,500$687,500$625,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,306
Property Tax -$396
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$659

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.

$625,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment		 $156,250
Rehab Estimate		 $5,750
Closing Costs		 $9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT

  • $1.06

    LIST RENT PER SQFT

  • $1,809

    COMP ESTIMATED VALUE

  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7004$1,8005$2,230
$2,230
RENT COMPS ANALYSIS
  • 1330 Rosanna Street Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.06
    •  
  • 6949 Marseilles Circle Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1970
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 6605 Vicuna Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1985
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 804 Vincent Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1970
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 400 Davenport Lane Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1975
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Jared A English
1.888.229.2009
Congress Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256075
Last Updated: 12/16/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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