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1512 Silent Sunset Avenue North Las Vegas, NV 89084

5 Beds 2 Baths 2,905 sqft Built 2003

INVESTimate

$469,999

List Price

$1,950

$1,755 - $2,145

Rent Est.

$511,312  ( +8.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $161.79
  • 7 Days on Market
  • MLS # : 2223644
  • Updated Date : 08/20/2020 at 20:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,905 sqft
  • Baths : 2 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

BEAUTIFUL HOME WITH LOTS OF UPGRADES AND EXTRAS GREAT FOR ENTERTAINING. OPEN CONCEPT FLOOR PLAN. LARGE BACKYARD WITH COVERED PATIO AND SPARKLING POOL. NEAR FREEWAY ACCESS, SHOPPING, SCHOOLS, RESTAURANTS, AND EVERYTHING!!

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: 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
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
 

$422,999$516,999$469,999

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,734
Property Tax -$358
Property Insurance -$83
HOA -$40
Property Management Fees -$119
CASH FLOW
-$385

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.

$469,999

PROJECTED PRICE

$1,950

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $117,500
Loan Amount $352,499
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,092

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9503$2,0004$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1512 Silent Sunset Avenue North Las Vegas, NV 2
    • 5 beds 2 baths ∙ 2,905 Sqft ∙ Built 2003 5 beds 2 baths ∙ 2,905 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 6740 Gallowgate Court Las Vegas, NV 1
    • 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
    •  
  • 812 Great Sky Court North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2017
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 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
    •  
  • 6516 Giant Oak Street North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,912 Sqft ∙ Built 2004
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jose Martinez
1.702.277.1022
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223644
Last Updated: 08/20/2020
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