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1859 Gentle Dawn Avenue North Las Vegas, NV 89084

5 Beds 2 Baths 3,539 sqft Built 2007

$415,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $117.26
  • 8 Days on Market
  • MLS # : 2243002
  • Updated Date : 11/02/2020 at 09:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,539 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fabulous five bedroom home with lots of space and great curb appeal! One bedroom downstairs, formal living room, open great room to kitchen plus a loft. Kitchen features the most outrageous HUGE walk through pantry! All appliances, double ovens, nice size island, sink overlooking the beautiful backyard. Primary bedroom with balcony and beautiful Mountain View’s. Primary bath with separate tub/shower, dual sinks and large walk-in closet. 12x16 laundry room with sink and tons of space for whatever you like, hobbies, workout equipment, tons of room! Three car garage, great location, low HOA fee! Come take a look at this beautiful home!

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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
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,531
Property Tax -$408
Property Insurance -$96
Property Management Fees -$119
CASH FLOW
-$54

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.

$415,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.51%

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$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$25,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $2,212

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1954$2,2005$2,599
$2,599
RENT COMPS ANALYSIS
  • 1859 Gentle Dawn Avenue North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,539 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,539 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.59
    •  
  • 2305 Mountain Rail Drive North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.59
    •  
  • 2104 Merganser Court North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.63
    •  
  • 6232 Villa Emo Street North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2006
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.59
    •  
  • 6405 Sea Swallow Street North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,790 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,790 Sqft ∙ Built 2005
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.69
    •  
PROPERTY LISTING DETAILS
Karol L Lucan
1.702.688.3722
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243002
Last Updated: 11/02/2020
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