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1800 Montvale Court Las Vegas, NV 89134

3 Beds 3 Baths 1,315 sqft Built 1997

$350,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $266.16
  • 4 Days on Market
  • MLS # : 2267772
  • Updated Date : 02/05/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,315 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paragon Premier Properties

Listing Agent's Description

Summerlin Cul-de-Sac Home. Light and Bright Open Floor Plan with High Ceilings in Great Room. Newly painted. Upgrades include Granite Counters, Stacked Stone Kitchen Island, Stacked Stone Fireplace, Stainless Steel Appliances. Front Porch and a Massive Back Yard with over $30,000 in Stack Stone Walls, Mature Landscaping. A Must See!

SEE MORE

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 Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761992

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,216
Property Tax -$189
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$177

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.

$350,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,257

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,394

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3503$1,3754$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 1800 Montvale Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,315 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,315 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
  • 10213 King Henry Avenue #202 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.05
    •  
  • 1705 King James #104 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
  • 1821 Sierra Oaks Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1996
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.05
    •  
  • 9901 Trailwood Drive #1105 Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.07
    •  
PROPERTY LISTING DETAILS
Cheryl Davis
1.702.683.7785
Paragon Premier Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267772
Last Updated: 02/05/2021
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