Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1975 Dragonslayer Avenue Las Vegas, NV 89183

4 Beds 3 Baths 2,065 sqft Built 2001

$343,500

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $166.34
  • 3 Days on Market
  • MLS # : 2253536
  • Updated Date : 12/04/2020 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,065 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Be ready to walk into a beautiful home! Newly remodeled from top to bottom, including powder room, office, and sunroom, as well as paint throughout. Gray hardwood flooring recently installed. With tons of open space and stunning ironwork as you walk in. Front yard landscaping recently updated will give you amazing curb appeal! Prime location near major shopping centers and easy access to I-15 and 215.

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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Shirley A. Barber Elementary Primary Unknown NA
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

Shirley A. Barber Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$309,150$377,850$343,500

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,267
Property Tax -$215
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$41

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.

$343,500

PROJECTED PRICE

$1,710

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,778

INVESTMENT

$96,778

Down Payment
$85,875
Rehab Estimate
$5,750
Closing Costs
$5,153

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,875
Loan Amount $257,625
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$31,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7103$1,7354$1,7755$1,895
$1,895
RENT COMPS ANALYSIS
  • 1975 Dragonslayer Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.83
    •  
  • 10034 Candle Maker Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 1842 East Pyle Avenue #n/a Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.92
    •  
  • 1847 Quartz Landing Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 10172 Grants Arbor Road Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2001
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
PROPERTY LISTING DETAILS
Angel D Martinez
1.702.466.8233
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253536
Last Updated: 12/04/2020
BESbswy