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2102 Citroen Street Las Vegas, NV 89142

3 Beds 1 Baths 1,819 sqft Built 1969

$238,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $130.84
  • 7 Days on Market
  • MLS # : 2242970
  • Updated Date : 10/28/2020 at 13:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 1 full
Listing Agent

Barrett & Co, Inc

Listing Agent's Description

Unique Tri-level with 3 upstairs bedrooms, large living room with large brick fireplace, open kitchen, large downstairs rec room & laundry area. Has 1 year old carpet, paint, kitchen counters & blinds.

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Cyril Wengert Elementary School Primary Regular 613 33 6
Duane Keller Middle School Middle Regular 1,257 56 NA
Las Vegas High School High Regular 3,077 121 4

Cyril Wengert Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
6
GreatSchools Rating

Duane Keller Middle School

  • Education Level: Middle
  • # of students: 1,257
  • # of teachers: 56
NA
GreatSchools Rating

Las Vegas High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 121
4
GreatSchools Rating
 

$214,200$261,800$238,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$878
Property Tax -$109
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$161

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.

$238,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,820

INVESTMENT

$68,820

Down Payment
$59,500
Rehab Estimate
$5,750
Closing Costs
$3,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,500
Loan Amount $178,500
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$34,260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,455

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,3303$1,3504$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 2102 Citroen Street Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,819 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,819 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.73
    •  
  • 5782 Arbor Oak Circle Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1981
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.82
    •  
  • 2450 Tournament Street Las Vegas, NV 3
    • 3 beds 0 baths ∙ 1,798 Sqft ∙ Built 1966 3 beds 0 baths ∙ 1,798 Sqft ∙ Built 1966
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 5419 Walton Heath Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1989
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 1553 Teardrop Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1984
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lee K Barrett
1.702.460.7355
Barrett & Co, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242970
Last Updated: 10/28/2020
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