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2024 Port Antonio Court North Las Vegas, NV 89031

4 Beds 3 Baths 2,938 sqft Built 1999

$369,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $125.90
  • 2 Days on Market
  • MLS # : 2253721
  • Updated Date : 12/05/2020 at 14:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,938 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Gorgeous 2938 sq ft, 4 bedroom home in North Las Vegas. Formal living & dining room w 22' ceilings & beautiful winding staircase. The Perfect Chef's kitchen has room to cook any Holiday meal! Just remodeled w/white cabinets, quartz counters, stainless appliances, walk in pantry, Luxury vinyl flooring & Lots of counter space! Large bedroom or Bonus room downstairs. Family room with Surround Sound & amazing fireplace for Cold nights! Loft upstairs for games, tv or school. Oversized master bedroom w/ separate sitting room, walk in closet & bath w/separate tub & shower. Security gate on front & back doors, fully landscaped yard with synthetic grass for outdoor entertaining. Attached 2 car garage. Low HOA of $61 Quarterly.

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: Tierra de las Palmas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Tierra de las Palmas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9621603

* 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
Steve Cozine Elementary School Primary Regular 773 41 5
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Cheyenne High School High Regular 2,212 91 2

Steve Cozine Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 41
5
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,365
Property Tax -$274
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$232

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.

$369,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,777

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,6954$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 2024 Port Antonio Court North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2421 Paradise Isle Avenue North Las Vegas, NV 2
    • 5 beds 4 baths ∙ 2,876 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,876 Sqft ∙ Built 2001
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.59
    •  
  • 5512 Colorado Breeze Way North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.59
    •  
  • 5537 Colorado Breeze Way #0 North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2005
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.61
    •  
  • 1515 Laguna Palms Avenue North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,869 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,869 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Loralee A Wood
1.702.419.3212
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253721
Last Updated: 12/05/2020
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