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1807 Giant Pine Avenue North Las Vegas, NV 89031

4 Beds 3 Baths 1,887 sqft Built 2001

$310,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $164.28
  • 6 Days on Market
  • MLS # : 2242214
  • Updated Date : 11/02/2020 at 09:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,887 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

***Virtual Tour Coming Soon*** Welcome home! This is the 4 bedroom, 2.5 bath home in El Dorado you have been searching for! Generous vaulted ceilings and an open floor plan give this home lots of natural light. Beautifully upgraded floors flow from the formal living and dining area to the family room and kitchen. Don’t want to cook tonight? No problem! With restaurants so close, eating out is a breeze! If you’re staying in, enjoy the shade of the covered patio and trees in your fully fenced backyard. Top to bottom this home has been lovingly maintained and is waiting for you!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: El Dorado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k347k

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

Neighborhood: El Dorado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
Eva G. Simmons Elementary School Primary Regular 742 37 6
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Eva G. Simmons Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 37
6
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,144
Property Tax -$223
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$120

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.

$310,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.54%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$37,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,465
1$1,4652$1,5003$1,5504$1,5505$1,670
$1,670
RENT COMPS ANALYSIS
  • 1807 Giant Pine Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.89
    •  
  • 1648 Splinter Rock Way North Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1995
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.85
    •  
  • 1811 Falling Tree Avenue #0 North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,722 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,722 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 5659 Indian Springs Street North Las Vegas, NV 3
    • 4 beds 1 baths ∙ 1,700 Sqft ∙ Built 2001 4 beds 1 baths ∙ 1,700 Sqft ∙ Built 2001
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 1921 Wild Pony Avenue #0 North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,743 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,743 Sqft ∙ Built 1999
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
PROPERTY LISTING DETAILS
Stephanie Kern
1.971.506.6352
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242214
Last Updated: 11/02/2020
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