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1410 Stable Glen Drive North Las Vegas, NV 89031

5 Beds 2 Baths 2,931 sqft Built 1998

$469,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $160.32
  • 3 Days on Market
  • MLS # : 2246190
  • Updated Date : 11/06/2020 at 16:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,931 sqft
  • Baths : 2 full
Listing Agent

All Vegas Valley Realty

Listing Agent's Description

4 CAR GARAGE! 5 BEDROOMS + DEN OR WORK OUT ROOM, SOLAR HEATED POOL WITH WATER FEATURE & SPA! AMAZING BACK YARD PARADISE WITH 49' x 12' COVERED PATIO (hidden storage for pool toys), BUILT IN OUTDOOR BBQ PREP AREA WITH SINK AND MINI REFRIGERATOR! CUSTOM OUTDOOR TV MOUNT, PLENTY OF ROOM TO ENJOY THE BEAUTIFUL OUTDOOR AREA. Synthetic grass, low maintenance backyard, string lights, additional seating area with pavers. Garage features a great workshop, plenty of storage and additional electrical which includes two 220v outlets. Beautiful kitchen with extended island, custom breakfast bar, granite counters, stone back splash, stainless appliances and custom walk in pantry with glass door. 1 bedroom downstairs with 3/4 bathroom attached with direct access and brand new walk in shower. Pool re-plastered, tiled and color changing light installed 2017, Upstairs HVAC unit replaced in 2016 , Downstairs unit replaced in 2010, both 4 ton units. New water heater & softener installed 2020, W/D 2019

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
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
 

$422,910$516,890$469,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,734
Property Tax -$355
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$161

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.

$469,900

PROJECTED PRICE

$2,130

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$21,495

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,015

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9253$2,1304$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 1410 Stable Glen Drive North Las Vegas, NV 3
    • 5 beds 2 baths ∙ 2,931 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,931 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.73
    •  
  • 6608 Towerstone Street North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2016
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.65
    •  
  • 6740 Gallowgate Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.64
    •  
  • 2016 Alamo Heights Avenue North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,959 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,959 Sqft ∙ Built 2006
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 916 Bear Gulch Court #0 North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2002
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.72
    •  
PROPERTY LISTING DETAILS
Holly Marquardt
1.702.400.7774
All Vegas Valley Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246190
Last Updated: 11/06/2020
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