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1912 Plaza Del Dios Las Vegas, NV 89102

3 Beds 2 Baths 2,415 sqft Built 1981

$595,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $246.38
  • 2 Days on Market
  • MLS # : 2260768
  • Updated Date : 01/16/2021 at 21:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,415 sqft
  • Baths : 2 full
Listing Agent

All Vegas Valley Realty

Listing Agent's Description

*SPANISH OAKS STUNNER*A HOME LIKE NO OTHER*HOME HAS GONE UNDER A COMPLETE MODERNIZATION DOWN TO THE STUDS*OPEN FLOOR PLAN*ENTERTAINER'S KITCHEN*QUARTZ COUNTER TOPS*MASSIVE 10 FOOT BY 6 FOOT CONCRETE ISLAND*BLACK STAINLESS STEEL APPLIANCES*BUILT IN WINE BAR & TV*SMOOTH COATED INTERIOR WALLS*RECESSED LIGHTING THROUGHOUT*STUNNING MASTER BEDROOM AND BATHROOM W/ BACKYARD ACCESS TO POOL*MASTER BATH HAS A LUXURIOUS OVER SIZED SHOWER WITH MARBLE THROUGHOUT*MASTER CLOSET IS CUSTOMIZED & HIDDEN BEHIND BARN DOOR*TRANQUIL OASIS BACKYARD FEATURES A GORGEOUS LAP POOL AND SPA*LOW MAINTENANCE BEAUTIFULLY LANDSCAPED YARD W/ SMART IRRIGATION*HOME IS NOT A FLIP, IT IS FULL OF PRIDE OF OWNERSHIP*PLEASE WATCH MATTERPORT VIRTUAL TOUR*SPANISH OAKS COMMUNITY OFFERS*GUARD GATED*24 HOUR PATROL*TENNIS & PICKLE BALL COURTS* SIX COMMUNITY POOLS* MILES OF WALKING PATHS*CLUB HOUSE*LUSH LANDSCAPING THROUGHOUT THE COMMUNITY*MINUTES TO LAS VEGAS STRIP, T MOBILE & RAIDERS STADIUM*

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

Neighborhood: Rancho Oakey

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rancho Oakey

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600165017001750Rent in $10761773

* 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
Howard Wasden Elementary School Primary Regular 632 36 3
Hyde Park Middle School Middle Magnet 1,699 69 NA
Ed W. Clark High School High Magnet 3,066 129 7

Howard Wasden Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 36
3
GreatSchools Rating

Hyde Park Middle School

  • Education Level: Middle
  • # of students: 1,699
  • # of teachers: 69
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$2,067
Property Tax -$272
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$631

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.

$595,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,010

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,9003$1,9994$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1912 Plaza Del Dios Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,415 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,415 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 3516 Casa Grande Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 1964
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 3321 Plaza Del Paz Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1976
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.85
    •  
  • 2901 Burton Avenue #na Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,198 Sqft ∙ Built 1961 3 beds 2 baths ∙ 2,198 Sqft ∙ Built 1961
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 2104 Bonnie Brae Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 1963
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
PROPERTY LISTING DETAILS
Julie A Thompson
1.702.277.8870
All Vegas Valley Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260768
Last Updated: 01/16/2021
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