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1708 Rambla Court Las Vegas, NV 89102

4 Beds 2 Baths 3,227 sqft Built 1978

$539,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $167.03
  • 5 Days on Market
  • MLS # : 2250682
  • Updated Date : 12/09/2020 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,227 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Rancho Bonito Estates on Oversized Corner lot. Excellent floor plan with entry foyer, formal living and dining rooms. Eat-in kitchen with garden window has been completely updated with granite counters and stainless steel appliances. Refrigerator, washer, dryer included! Family room with new carpet and fireplace. Doors leading to very large covered patio overlooking parklike backyard with pool and spa. Downstairs den also has brand new carpet installed and could be 5th bedroom with 3/4 bath downstairs Spacious master bedroom upstairs. Best price per sq ft home in the neighborhood - great central location located in the heart of Las Vegas. More photos posted by 12-15.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rancho Oakey

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rancho Oakey

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600165017001750Rent in $10761773

* 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
Howard Wasden Elementary School Primary Regular 632 36 3
Hyde Park Middle School Middle Magnet 1,699 69 NA
Ed W. Clark High School High Magnet 3,066 129 7

Howard Wasden Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 36
3
GreatSchools Rating

Hyde Park Middle School

  • Education Level: Middle
  • # of students: 1,699
  • # of teachers: 69
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,989
Property Tax -$279
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
$224

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.

$539,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$68,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,945

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,7003$2,8004$3,0005$3,288
$3,288
RENT COMPS ANALYSIS
  • 1708 Rambla Court Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,227 Sqft ∙ Built 1978 4 beds 2 baths ∙ 3,227 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
  • 1708 Adra Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,063 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,063 Sqft ∙ Built 1979
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
  • 1721 Rambla Court Henderson, NV 3
    • 3 beds 2 baths ∙ 3,227 Sqft ∙ Built 1978 3 beds 2 baths ∙ 3,227 Sqft ∙ Built 1978
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
  • 2310 South Llewellyn Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 1961 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 1961
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 2000 Plaza De Cielo Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 1977
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,288
    • $0.98
    •  
PROPERTY LISTING DETAILS
Wende M Bell
1.702.376.3142
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250682
Last Updated: 12/09/2020
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