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1913 Plaza Del Dios Las Vegas, NV 89102

3 Beds 3 Baths 2,343 sqft Built 1981

$525,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $224.07
  • 2 Days on Market
  • MLS # : 2279034
  • Updated Date : 03/20/2021 at 18:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,343 sqft
  • Baths : 3 full
Listing Agent

All Vegas Valley Realty

Listing Agent's Description

*SPANISH OAKS STUNNER*MOVE IN READY*HOME HAS A SPACIOUS OPEN FLOOR PLAN*THREE BEDROOMS & THREE BATHS*KITCHEN FEATURES GRANITE COUNTERS*BREAKFAST BAR*STAINLESS & BLACK APPLIANCES*RECESSED LIGHTING THROUGHOUT*TWO GORGEOUS FIREPLACES*ALL THREE BATHROOMS HAVE QUARTZ COUNTER TOPS*SUBWAY TILE*PRIME INTERIOR LOT*POOL/SPA*LUSH LOW MAINTENANCE*SPANISH OAKS COMMUNITY OFFERS 24 HOUR ARMED ROVING PATROL*TENNIS & PICKLE BALL COURTS* SIX COMMUNITY POOLS*MILES OF WALKING PATHS*CLUB HOUSE*PUTTING GREEN*LUSH LANDSCAPE THROUGHOUT THE COMMUNITY*MINUTES TO THE LAS VEGAS STRIP, T MOBILE, AIRPORT & RAIDERS STADIUM*BE SURE TO CHECK OUT THE MATTERPORT VIRTUAL TOUR*

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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: 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,824
Property Tax -$212
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$237

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.

$525,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.38%

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$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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$16,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$1,9993$2,3954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1913 Plaza Del Dios Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.85
    •  
  • 3321 Plaza Del Paz Las Vegas, NV 2
    • 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
    •  
  • 2321 Calle De Nuevo Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 1979
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.02
    •  
  • 3325 Plaza Del Paz Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,342 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,342 Sqft ∙ Built 1976
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 1901 Calle De Vega Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1978
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
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 #: 2279034
Last Updated: 03/20/2021
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