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1621 Saintsbury Drive Las Vegas, NV 89144

4 Beds 4 Baths 3,888 sqft Built 2000

$1,288,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $331.28
  • 2 Days on Market
  • MLS # : 2268213
  • Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,888 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redstone Realty

Listing Agent's Description

Absolutely amazing home on an interior corner lot in the highly sought after Vineyards neighborhood. Hardwood floors throughout the entire first floor, custom office cabinetry, and private pool sized backyard with mature landscaping. The extra long driveway has a private gate and side entrance directly into the kitchen. This home has professional kitchen appliances, a large walk-in climate controlled pantry, and a wine bar. No expense was spared in the remodel of this home!

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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: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Ethel W. Staton Elementary School Primary Regular 880 45 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Ethel W. Staton Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 45
9
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$1,159,200$1,416,800$1,288,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,474
Property Tax -$703
Property Insurance -$102
Property Management Fees -$119
CASH FLOW
-$1,148

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.

$1,288,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$347,070

INVESTMENT

$347,070

Down Payment
$322,000
Rehab Estimate
$5,750
Closing Costs
$19,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,474

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $322,000
Loan Amount $966,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$10,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $4,277

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,9953$4,2504$4,7005$5,000
$5,000
RENT COMPS ANALYSIS
  • 1621 Saintsbury Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,888 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,888 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.09
    •  
  • 225 Buteo Woods Lane #0 Las Vegas, NV 1
    • 5 beds 5 baths ∙ 3,570 Sqft ∙ Built 1999 5 beds 5 baths ∙ 3,570 Sqft ∙ Built 1999
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.98
    •  
  • 1528 Pine Leaf Drive Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.07
    •  
  • 1108 Emerald Tint Las Vegas, NV 4
    • 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.11
    •  
  • 1201 Mersault Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 2003
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Trenton R Jones
1.702.595.5007
Redstone Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268213
Last Updated: 02/06/2021
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