Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1800 Taylorville Street Las Vegas, NV 89135

4 Beds 4 Baths 2,994 sqft Built 2002

$799,900

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $267.17
  • 3 Days on Market
  • MLS # : 2259542
  • Updated Date : 01/10/2021 at 02:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,994 sqft
  • Baths : 3 full , 1 half
Listing Agent

Milestone Realty

Listing Agent's Description

Move in and relax in a amazing fully remodeled house in Summerlin South! Remodeling completed 01/2021. Features 4 bedrooms, 3.5 bathrooms and a large 3 car garage. New cabinets, new vinyl plank flooring, new countertops, and all new lights & fans and plumbing fixtures. New kitchen with nice island all new stainless steel appliances plus quartz countertops and butler pantry. Large living & family rooms. Fireplace in the family room. Large bedrooms have new ceiling fans and lights and the 3 main bedrooms have their own bathrooms and walk in closets. 3rd bedroom is an attached casita setup with double doors to the courtyard. 4th bedroom has no closet and could also be used as an office or dining room. Has a covered patio with new BBQ grill unit. Nice pool and spa plus beautiful landscaping. Community has parks and jogging trail. Near downtown Summerlin, great restaurants and Red Rock resort. Walking distance to Faith Lutheran middle & high school.

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: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k380k

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

Neighborhood: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762040

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

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

$719,910$879,890$799,900

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,778
Property Tax -$408
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$350

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.

$799,900

PROJECTED PRICE

$3,040

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$25,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,4504$2,6005$3,040
$3,040
RENT COMPS ANALYSIS
  • 1800 Taylorville Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.02
    •  
  • 1804 Placid Ravine Street Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,982 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,982 Sqft ∙ Built 1997
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 2013 Loggerhead Road Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,078 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,078 Sqft ∙ Built 1990
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.78
    •  
  • 9616 Spanish Steps Lane Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,863 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,863 Sqft ∙ Built 1994
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 2005 Loggerhead Road Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,078 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,078 Sqft ∙ Built 1990
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
James W Friedrich
1.702.466.0369
Milestone Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259542
Last Updated: 01/10/2021
BESbswy