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1549 Sandra Drive Boulder City, NV 89005

4 Beds 3 Baths 2,962 sqft Built 1978

$584,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $197.47
  • 11 Days on Market
  • MLS # : 2278061
  • Updated Date : 03/17/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,962 sqft
  • Baths : 3 full
Listing Agent

Plaza Realty

Listing Agent's Description

Perfect home in the heart of Boulder City. Located on the "girl streets" and close to golf course. Well maintained with pride of ownership throughout. Great back yard with swimming pool, mountain view and a covered patio for evening entertainment. Home includes tile floors, granite counters in the kitchen and new carpet. NO HOA! You will not want to miss this one!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 89005

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Zip Code: 89005

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10241875

* 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
Martha P. King Elementary School Primary Regular 427 23 8
Elton M. Garrett Junior High School Middle Regular 470 22 NA
Boulder City High School High Regular 618 31 8

Martha P. King Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 23
8
GreatSchools Rating

Elton M. Garrett Junior High School

  • Education Level: Middle
  • # of students: 470
  • # of teachers: 22
NA
GreatSchools Rating

Boulder City High School

  • Education Level: High
  • # of students: 618
  • # of teachers: 31
8
GreatSchools Rating
 

$526,410$643,390$584,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,032
Property Tax -$216
Property Insurance -$85
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.

$584,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,749

INVESTMENT

$160,749

Down Payment
$146,225
Rehab Estimate
$5,750
Closing Costs
$8,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,225
Loan Amount $438,675
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$26,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,236

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2903$2,500
$2,500
RENT COMPS ANALYSIS
  • 1549 Sandra Drive Boulder City, NV 2
    • 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.77
    •  
  • 520 Don Vincente Court Boulder City, NV 1
    • 4 beds 2 baths ∙ 2,783 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,783 Sqft ∙ Built 1968
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 1544 Mancha Drive Boulder City, NV 3
    • 3 beds 3 baths ∙ 3,098 Sqft ∙ Built 1977 3 beds 3 baths ∙ 3,098 Sqft ∙ Built 1977
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Chelsea Loudin Scheppmann
1.702.326.9997
Plaza Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278061
Last Updated: 03/17/2021
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