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2041 Nature Park Drive North Las Vegas, NV 89084

4 Beds 4 Baths 3,302 sqft Built 2007

$425,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.71
  • 3 Days on Market
  • MLS # : 2252210
  • Updated Date : 12/04/2020 at 15:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,302 sqft
  • Baths : 3 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Wowzers!! Check out this gated Aliante stunner with 4 bedrooms (Full bedroom & bathroom downstairs!), loft, formal living room (or art room/home office/workout room), huge family room and massive formal dining room (or playroom/flexroom)! Gorgeous courtyard entry with gated entry, super cool color changing lighting (change them up for holidays!) and upgraded stone work on exterior! Elegant sweeping staircase with wrought iron/laminate wood stairs with super high ceilings for that grand entrance feeling greets you upon entry! Hard flooring in all areas except bedrooms! Kitchen boasts granite counter tops/tile backsplash w/ island cabinetry beautifully stained to accent the rest of the kitchen which opens to the large family room with surround sound speakers! Arches separating family room from formal dining room have been upgraded with earthy stone veneer. Formal living room is currently used as an art room. Unique cove bench/wine rack/butlers pantry in between kitchen/entry is amazing!

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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: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k362k

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

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671963

* 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
7
GreatSchools Rating

Brian And Teri Cram Middle School

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

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,568
Property Tax -$371
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$49

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.

$425,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$27,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,163

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9253$2,1004$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2041 Nature Park Drive North Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,302 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,302 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.64
    •  
  • 2305 Mountain Rail Drive North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.59
    •  
  • 6740 Gallowgate Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.64
    •  
  • 7038 Pink Flamingos Place North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
  • 2029 Royal Gardens Place North Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,302 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,302 Sqft ∙ Built 2006
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Faith Harmer
1.702.493.9608
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2252210
Last Updated: 12/04/2020
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