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2090 Maysville Avenue North Las Vegas, NV 89081

5 Beds 3 Baths 2,385 sqft Built 2017

$349,950

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $146.73
  • 7 Days on Market
  • MLS # : 2251189
  • Updated Date : 12/01/2020 at 10:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,385 sqft
  • Baths : 3 full
Listing Agent

Leading Vegas Realty

Listing Agent's Description

Beautiful 5 bedroom 3 bathroom home! Open floor plan, bedroom/bathroom downstairs, kitchen with good size pantry, island, built in microwave, back splash, granite counter tops, stainless steel appliances. Loft upstairs, master bath with separate tub/shower, double sinks, large walk-in closet. Backyard landscaped with pavers, retaining wall and covered patio. Solar powered by Vivint Solar.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ann Losee Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Ann Losee Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9571603

* 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
Jesse Scott Elementary School Primary Regular 853 45 2
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

Jesse Scott Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 45
2
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

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

$314,955$384,945$349,950

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,291
Property Tax -$285
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$239

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.

$349,950

PROJECTED PRICE

$1,530

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,487

INVESTMENT

$98,487

Down Payment
$87,488
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,488
Loan Amount $262,463
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5503$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 2090 Maysville Avenue North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,385 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,385 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.64
    •  
  • 5829 Addy Lane #0 North Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,305 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,305 Sqft ∙ Built 2005
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 5832 Running Horse Drive North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2004
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
  • 5448 Ayers Cliff Street North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,528 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,528 Sqft ∙ Built 2006
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.64
    •  
  • 2305 Clarington Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2006
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
PROPERTY LISTING DETAILS
Yolanda M Agoto
1.702.626.7806
Leading Vegas Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251189
Last Updated: 12/01/2020
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