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1922 Roxbury Lane Las Vegas, NV 89119

4 Beds 2 Baths 2,711 sqft Built 1980

$419,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $154.56
  • 10 Days on Market
  • MLS # : 2249923
  • Updated Date : 11/28/2020 at 21:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,711 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

**This home HAS IT ALL and NO HOA**Home is adjacent to Paradise Palms and only 1 block from LV National Golf Course**4 Bedrooms (1 Bedroom Down), 3 Baths and 3 Fireplaces**Kitchen was newly renovated and All Appliances STAY** The Family Room has a Gas Fireplace and a wet bar for entertaining and the Living Room has Vaulted Ceilings and a Fireplace as well**Master Bedroom is Huge, has a fireplace and a covered balcony overlooking the backyard**The Master Bath is newly renovated and has a large soaking tub, separate shower and a large walk-in closet**Home has a Beautiful Sparkling (newly plastered) Pool and Spa, Large Covered Patio AND RV Parking**Shed in the backyard stays and is great for that extra storage that you may need**

SEE MORE

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: Paradise Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k301k

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

Neighborhood: Paradise Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651752

* 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
Ruby S. Thomas Elementary School Primary Regular 817 44 2
William E. Orr Middle School Middle Regular 933 36 NA
Valley High School High Magnet 2,826 123 2

Ruby S. Thomas Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 44
2
GreatSchools Rating

William E. Orr Middle School

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 36
NA
GreatSchools Rating

Valley High School

  • Education Level: High
  • # of students: 2,826
  • # of teachers: 123
2
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,546
Property Tax -$202
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$253

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.

$419,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.6%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$57,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,786

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3953$2,5004$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 1922 Roxbury Lane Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,711 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,711 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 1888 Roxford Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1979
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.96
    •  
  • 3840 Mcleod Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1997
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 3538 Pueblo Way Las Vegas, NV 4
    • 4 beds 1 baths ∙ 2,589 Sqft ∙ Built 1963 4 beds 1 baths ∙ 2,589 Sqft ∙ Built 1963
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.16
    •  
  • 1965 Ottawa Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,589 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,589 Sqft ∙ Built 1963
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.16
    •  
PROPERTY LISTING DETAILS
Melanie Wolfe
1.702.301.1991
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249923
Last Updated: 11/28/2020
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