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1687 Crystal Downs Avenue Las Vegas, NV 89123

4 Beds 2 Baths 2,034 sqft Built 1998

$449,999

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $221.24
  • 2 Days on Market
  • MLS # : 2273446
  • Updated Date : 02/28/2021 at 05:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,034 sqft
  • Baths : 2 full
Listing Agent

Richard Rory Realty

Listing Agent's Description

Beautifully remodeled single story home with no HOA! Brand new lush landscape front and back with large yard. New sod, trees and privacy hedges that will grow 15ft+! Upon entering this home you will find new wood look tile throughout, with new modern fixtures. Kitchen features open concept with new cabinets, glittering quartz, stainless appliances and gorgeous backsplash. Large master with slider to yard and Spa like master bath with large soaking tub and newly tiled stand alone shower with double sinks. New paint inside and out! Come see before its gone.

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$404,999$494,999$449,999

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,563
Property Tax -$224
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$313

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.

$449,999

PROJECTED PRICE

$1,660

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,499
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6603$1,7004$1,7505$1,995
$1,995
RENT COMPS ANALYSIS
  • 1687 Crystal Downs Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.82
    •  
  • 8367 Charlton Valley Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2004
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.82
    •  
  • 1560 Dark Wolf Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2007
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 1750 Dark Wolf Avenue #0 Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2006
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 1780 Horizon Sunset Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1995
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kyla D Sullivan
1.949.295.1745
Richard Rory Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273446
Last Updated: 02/28/2021
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