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1917 Jansen Avenue Las Vegas, NV 89101

4 Beds 2 Baths 1,248 sqft Built 1961

$225,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $180.29
  • 3 Days on Market
  • MLS # : 2262069
  • Updated Date : 01/16/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

**YOU'LL LOVE THIS BEAUTIFUL HOME**4 BEDROOMS, 3 BATHS, TILE FLOORING THROUGHOUT, THE 4th BEDROOM HAS ITS OWN PRIVATE ENTRANCE, TWO CAR CARPORT, BRAND NEW WATER SOFTENER PURONIC, BRAND NEW WINDOWS ALL AROUND THE HOUSE, SAVE MONEY WITH SOLAR PANELS! LARGE RENOVATED BACKYARD, SYNTHETIC GRASS, COVERED PATIO AND SHED FOR STORAGE, VERY CENTRAL LOCATION NEAR THE FREEWAY & SHOPPING CENTERS, HURRY COME CHECK THIS ONE OUT!

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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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Arturo Cambeiro Elementary School Primary Regular 609 33 2
J D Smith Middle School Middle Regular 954 40 NA
Rancho High School High Magnet 3,255 136 6

Arturo Cambeiro Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
2
GreatSchools Rating

J D Smith Middle School

  • Education Level: Middle
  • # of students: 954
  • # of teachers: 40
NA
GreatSchools Rating

Rancho High School

  • Education Level: High
  • # of students: 3,255
  • # of teachers: 136
6
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$782
Property Tax -$80
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$188

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$225,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

9.75

YEARS SAVED

$31,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,245

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1953$1,2004$1,2205$1,300
$1,300
RENT COMPS ANALYSIS
  • 1917 Jansen Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.98
    •  
  • 1113 James Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1963
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 2312 East Tonopah Avenue #0 North Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,161 Sqft ∙ Built 1961
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.03
    •  
  • 2723 Reynolds Las Vegas, NV 3
    • 4 beds 1 baths ∙ 1,395 Sqft ∙ Built 1955 4 beds 1 baths ∙ 1,395 Sqft ∙ Built 1955
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 1900 Jansen Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1963
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.19
    •  
PROPERTY LISTING DETAILS
Hans Morales
1.562.972.4295
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262069
Last Updated: 01/16/2021
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