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1912 Cedarview Circle Las Vegas, NV 89146

4 Beds 2 Baths 2,313 sqft Built 1979

INVESTimate

$379,000

List Price

$1,920

$1,728 - $2,112

Rent Est.

$407,008  ( +7.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $163.86
  • 2 Days on Market
  • MLS # : 2218634
  • Updated Date : 08/25/2020 at 15:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Spacious, well maintained home w/large rooms and huge, 1/3 acre cul-de-sac lot w/an RV gate! Recent updates include new carpet and 2-tone paint, new laminate wood floors in multiple areas, ceiling fans, new garage doors, and new stainless appliances in the kitchen. Large formal living and dining rooms w/vaulted ceilings, family room w/fireplace and wet bar, and downstairs bedroom w/bathroom! Upstairs includes a large master bedroom w/full bath, and 2 secondary bedrooms that share a full bathroom. Huge 1/3 acre yard w/large patio cover, RV gate, and pool/spa! Roof is new w/warranty, and 2 AC units are 1 year and 7 years old! Great home at a great value!

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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

Neighborhood: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762045

* 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
Doris Hancock Elementary School Primary Regular 552 29 2
Frank F. Garside Junior High School Middle Regular 1,209 52 NA
Bonanza High School High Regular 2,003 83 3

Doris Hancock Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 29
2
GreatSchools Rating

Frank F. Garside Junior High School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 52
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,398
Property Tax -$225
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$106

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.

$379,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.39%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$41,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,937

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,8953$1,9204$2,0005$2,295
$2,295
RENT COMPS ANALYSIS
  • 1912 Cedarview Circle Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.83
    •  
  • 804 Antonio Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1993
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.84
    •  
  • 1917 Cedarview Circle Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,586 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,586 Sqft ∙ Built 1979
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
  • 5401 Longridge Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1963
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 6512 Peppermill Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1985
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
PROPERTY LISTING DETAILS
William Okeefe
1.702.460.9355
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2218634
Last Updated: 08/25/2020
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