Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1421 Emerywheel Circle Las Vegas, NV 89110

3 Beds 2 Baths 1,484 sqft Built 1979

INVESTimate

$245,000

List Price

$1,350

$1,215 - $1,485

Rent Est.

$70,675

Investment Est.

$270,456  ( +10.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $165.09
  • 2 Days on Market
  • MLS # : 2224716
  • Updated Date : 08/25/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

WELL TAKEN CARE OF HOME. SHOWS 3 BEDROOMS BUT POTENTIAL WITH 4 DUE TO CONVERTED GARAGE. SPACIOUS BACK YARD WITH STORAGE SHED'S INCLUDED. AC AND ROOF ONLY 4 YEARS OLD. SECURED RAILING FOR PROTECTION AND OWNER HAD JUST HAD STUCCO REDONE. PLENTY OF PARKING SPACE AND IN CUL DE SAC. CLOSE TO BIG LEAGUE DREAMS, HURRY WONT LAST LONG!!

SEE MORE

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: Washington Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k296k

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

Neighborhood: Washington Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8131603

* 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
C.c. Ronnow Elementary School Primary Regular 834 49 4
Mario C And Joanne Monaco Middle School Middle Regular 1,426 53 NA
Desert Pines High School High Regular 2,279 99 1

C.c. Ronnow Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 49
4
GreatSchools Rating

Mario C And Joanne Monaco Middle School

  • Education Level: Middle
  • # of students: 1,426
  • # of teachers: 53
NA
GreatSchools Rating

Desert Pines High School

  • Education Level: High
  • # of students: 2,279
  • # of teachers: 99
1
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$220,500$269,500$245,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$904
Property Tax -$114
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$245,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.39%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment		 $61,250
Rehab Estimate		 $5,750
Closing Costs		 $3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$34,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT

  • $0.91

    LIST RENT PER SQFT

  • $1,347

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0503$1,2954$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 1421 Emerywheel Circle Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 1501 Linnbaker Lane #101 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1994
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.83
    •  
  • 1113 James Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1963
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 4204 Caliper Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 1988
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 4117 Dongola Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1998
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Rene Chavez
1.702.232.6239
Signature Real Estate Group
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224716
Last Updated: 08/25/2020

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

All values are rounded to the nearest dollar.
BESbswy