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

146 Alpine Bay Avenue Las Vegas, NV 89148

3 Beds 3 Baths 2,534 sqft Built 2002

$438,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $172.85
  • 6 Days on Market
  • MLS # : 2265072
  • Updated Date : 02/06/2021 at 05:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,534 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas Pro Realty Llc

Listing Agent's Description

BEAUTIFUL TWO STORY HOME INSIDE THE RHODES RANCH COMMUNITY. OPEN FLOOR PLAN WITH HIGHT CEILING, SHUTTER ALL OVER THE HOUSE, TILE AND LAMINATE WOOD FLOORING,GRANITE COUNTERTOPS, TONS OF KITCHEN CABINENTS, NICE SIZED BACKYARD WITH BALCONY OFF MASTER, LARGE LOFT AREA,3 CAR GARAGES AND MORE. A MUST SEE!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$394,200$481,800$438,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,521
Property Tax -$281
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$137

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.

$438,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,820

INVESTMENT

$121,820

Down Payment
$109,500
Rehab Estimate
$5,750
Closing Costs
$6,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,500
Loan Amount $328,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$17,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8504$1,8605$1,950
$1,950
RENT COMPS ANALYSIS
  • 146 Alpine Bay Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.73
    •  
  • 162 Country Greens Avenue #n/a Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2002
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 197 Country Greens Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,517 Sqft ∙ Built 2002
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 9079 Andermatt Lane Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2019
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 9063 Jade Vine Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,469 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,469 Sqft ∙ Built 2019
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
PROPERTY LISTING DETAILS
Tiffany H Chau
1.702.333.1878
Vegas Pro Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265072
Last Updated: 02/06/2021
BESbswy