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2120 Havelina Street Las Vegas, NV 89108

2 Beds 2 Baths 980 sqft Built 1992

$200,000

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $204.08
  • 3 Days on Market
  • MLS # : 2263668
  • Updated Date : 01/23/2021 at 02:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 980 sqft
  • Baths : 2 full
Listing Agent

Triumph Property Management Co

Listing Agent's Description

SUPER CUTE SINGLE STORY STUNNER in a small community with a POOL! Great curb appeal! Long driveway with awning! Security screen door! Walk in to a SPACIOUS & INVITING open floorplan with stunning vaulted ceilings, FRESH NEW creamy beige-ish grey paint, NEW BLINDS, BEAUTIFUL oversized tile flooring throughout! Kitchen features LOVELY sitting dining area with NATURAL LIGHT GALORE, super clean appliances, solid surface counters, with an open view to the backyard! You've got 2 spacious bedrooms & two full baths! Primary bedroom featuring an ensuite bath with spacious sink & tub/shower combo! GREAT SIZED backyard with additional storage shed! Super clean & ready for move in!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
Doris M. Reed Elementary School Primary Regular 564 31 1
J. Harold Brinley Middle School Middle Regular 914 41 NA
Western High School High Regular 2,534 112 2

Doris M. Reed Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 31
1
GreatSchools Rating

J. Harold Brinley Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 41
NA
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$695
Property Tax -$118
Property Insurance -$46
Property Management Fees -$119
CASH FLOW
-$27

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.

$200,000

PROJECTED PRICE

$950

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$9,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $950

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $931

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$885
1$8852$8953$9004$9505$1,025
$1,025
RENT COMPS ANALYSIS
  • 2120 Havelina Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 980 Sqft ∙ Built 1992 2 beds 2 baths ∙ 980 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.97
    •  
  • 2131 Hussium Hills Street #107 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 935 Sqft ∙ Built 2004 2 beds 2 baths ∙ 935 Sqft ∙ Built 2004
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $885
    • $0.95
    •  
  • 1826 Decatur Boulevard #203 Las Vegas, NV 2
    • 2 beds 1 baths ∙ 945 Sqft ∙ Built 1985 2 beds 1 baths ∙ 945 Sqft ∙ Built 1985
    property image
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.95
    •  
  • 1852 Decatur Boulevard #202 Las Vegas, NV 3
    • 2 beds 1 baths ∙ 945 Sqft ∙ Built 1985 2 beds 1 baths ∙ 945 Sqft ∙ Built 1985
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.95
    •  
  • 4312 Lake Mead Boulevard #202 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,081 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,081 Sqft ∙ Built 1993
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kamyar Zargari
1.702.367.2323
Triumph Property Management Co
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263668
Last Updated: 01/23/2021
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