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1813 Blue Mountain Drive Las Vegas, NV 89108

5 Beds 4 Baths 2,525 sqft Built 1973

$345,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $136.63
  • 5 Days on Market
  • MLS # : 2256123
  • Updated Date : 12/18/2020 at 16:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,525 sqft
  • Baths : 4 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

Beautiful, Big and Bold 5 bedrooms 4 bathrooms Dual Main Rooms 1 downstairs and 1 upstairs home just for you. This home features a downstairs main room for the in-laws or yourself that has its own bathroom with sliding doors that open to the gorgeous pool for the fun summer night family and friends get togethers and Barbeques. This Fully Remodeled Home has Newly installed Plumbing, Flooring, New Pool Heater, Dual Pane Windows, Solar Screens and bathrooms have been remodeled completely. This home also features big front yard and back yards with plenty of space. Its has a 2 car garage with extra storage space. Spacious living rooms and also has a family room. It has Tile and Hardwood floor laminate throughout the home. The Kitchen is Wide Open with it own breakfast nook and a separate formal dining room. The back yard has a covered patio and plenty of space for any other activities. Centrally located, Close to Shopping, Schools, Restaurants Parks and Freeways. Come See this forever home!

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
J.t. Mcwilliams Elementary School Primary Regular 730 40 4
Robert O. Gibson Middle School Middle Magnet 1,293 57 NA
Western High School High Regular 2,534 112 2

J.t. Mcwilliams Elementary School

  • Education Level: Primary
  • # of students: 730
  • # of teachers: 40
4
GreatSchools Rating

Robert O. Gibson Middle School

  • Education Level: Middle
  • # of students: 1,293
  • # of teachers: 57
NA
GreatSchools Rating

Western High School

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

$310,500$379,500$345,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,273
Property Tax -$176
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$176

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.

$345,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
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$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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$43,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5504$1,7005$1,820
$1,820
RENT COMPS ANALYSIS
  • 1813 Blue Mountain Drive Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 1973 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.72
    •  
  • 5513 Bromley Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,546 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,546 Sqft ∙ Built 1977
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.59
    •  
  • 5717 Bartlett Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,552 Sqft ∙ Built 1969 5 beds 3 baths ∙ 2,552 Sqft ∙ Built 1969
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.59
    •  
  • 4228 Gaye Lane Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,737 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,737 Sqft ∙ Built 1970
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.57
    •  
  • 814 Sea Pines Lane Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1988
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
PROPERTY LISTING DETAILS
Anahuac Ybarra Rojas
1.702.715.5970
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256123
Last Updated: 12/18/2020
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