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1726 Peridot Point Street Las Vegas, NV 89106

3 Beds 3 Baths 1,292 sqft Built 2007

$229,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $177.24
  • 5 Days on Market
  • MLS # : 2277172
  • Updated Date : 03/11/2021 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full , 1 half
Listing Agent

Omni -terra Solutions

Listing Agent's Description

BEAUTIFUL 2 STORY HOME, LOCATED CENTRAL TO BUSINESS, CASINOS, TRANSPORTATION, AND THE STRIP. MINUTES FROM U.S 95. *ALL APPLIANCES STAY !

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k296k

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

Neighborhood: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8971603

* 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
Ollie Detwiler Elementary School Primary Regular 733 41 1
Western High School High Regular 2,534 112 2
Western High School High Unknown NA

Ollie Detwiler Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 41
1
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$795
Property Tax -$174
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$100

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$229,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$21,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,308

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2403$1,2504$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 1726 Peridot Point Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,292 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,292 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.96
    •  
  • 1735 Ferrell Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 2008
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.96
    •  
  • 1722 Peridot Point Street Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 2007
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 3416 Regent Diamond Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 2007
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 3415 Holly Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 2008
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Chen Elimor
1.702.203.2244
Omni -terra Solutions
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277172
Last Updated: 03/11/2021
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