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1824 Shy Albatross Avenue North Las Vegas, NV 89084

5 Beds 2 Baths 3,752 sqft Built 2006

$530,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.26
  • 3 Days on Market
  • MLS # : 2278271
  • Updated Date : 03/13/2021 at 09:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,752 sqft
  • Baths : 2 full
Listing Agent

Luxury Estates International

Listing Agent's Description

Come and view this amazing home before it's too late. Walk in the front door into the spacious formal living and dining room. This kitchen features all stianless steel applainces, a center island with granite counter tops, and opens up into the living room. Walk upstairs into the loft which could be used as a game room, movie theatre or kids play room. The master bedroom features a balcony, sitting room, fireplace, and two walk in closets. Walk outside into an unbelievable back yard and enjoy a view of the mountains. There is also a bedroom and bathroom down stairs. Don't miss the opprtunity to own this home as it checks all the boxes.

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: San Destin Palazzo at Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k536k

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

Neighborhood: San Destin Palazzo at Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9672378

* 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
7
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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,841
Property Tax -$380
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$150

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.

$530,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.4%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$21,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $2,298

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2503$2,2904$2,4955$2,695
$2,695
RENT COMPS ANALYSIS
  • 1824 Shy Albatross Avenue North Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,752 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,752 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.61
    •  
  • 2128 Mistle Thrush Drive North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,790 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,790 Sqft ∙ Built 2003
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.53
    •  
  • 2425 Mountain Rail Drive #0 Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,790 Sqft ∙ Built 2005 5 beds 2 baths ∙ 3,790 Sqft ∙ Built 2005
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.59
    •  
  • 2316 Mistle Thrush North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2003
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.66
    •  
  • 2116 Humble Hollow Place North Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.67
    •  
PROPERTY LISTING DETAILS
Nathan Strager
1.702.301.1091
Luxury Estates International
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278271
Last Updated: 03/13/2021
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