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176 Broken Putter Way Las Vegas, NV 89148

4 Beds 3 Baths 2,667 sqft Built 2005

$399,999

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $149.98
  • 7 Days on Market
  • MLS # : 2256406
  • Updated Date : 12/26/2020 at 12:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,667 sqft
  • Baths : 2 full , 1 half
Listing Agent

Galindo Group Real Estate

Listing Agent's Description

Nestled inside the beautiful Rhodes Ranch Community, this 2 story home boast a large master suit, 3 good sized secondary rooms and a large loft area for you to create your own space in. Whether you like to cook or order a mean takeout, this welcoming kitchen has granite counter tops with stainless steal appliances. 1st floor has wood plank style tile throughout. The 2nd floor has New carpet in all bedrooms and loft area. New wood laminate flooring in all 2nd floor bathrooms and laundry room. All this home needs is for you to come in and add your personal touch. Start the New Year in a New Home!!! Open House Sunday 12/27/20 11am-2pm

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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

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

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,476
Property Tax -$287
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$1

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.

$399,999

PROJECTED PRICE

$1,960

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$30,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,047

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9603$2,0004$2,0005$2,295
$2,295
RENT COMPS ANALYSIS
  • 176 Broken Putter Way Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.73
    •  
  • 434 Hidden Hole Drive #none Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 452 Center Green Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,667 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,667 Sqft ∙ Built 2005
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 111 Broken Putter Way Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 196 Broken Putter Way #0 Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
PROPERTY LISTING DETAILS
Matthew L Langguth
1.702.755.1215
Galindo Group Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256406
Last Updated: 12/26/2020
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