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2120 Peach Hill Avenue Las Vegas, NV 89106

3 Beds 2 Baths 1,096 sqft Built 1997

$249,999

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $228.10
  • 3 Days on Market
  • MLS # : 2244429
  • Updated Date : 11/06/2020 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 2 full
Listing Agent

United Realty Group

Listing Agent's Description

Stunning renovation! Single story home with 3 bedrooms and 2 full baths in a gated community with pool. Renovated White Cabinets throughout. New Quartz countertops. New Stainless Steel Appliances. Steel Modern cabinet hardware. New Flooring all over the house. New carpet in the bedrooms. Bathroom with tiled wall and accented shampoo box. New shower trim kits and valves. New toilets, door handles, vanities, faucets, light fixtures, sink, etc. Very unique home with tons of character. HOA includes landscaping maintenance and water for the sprinkler system. Also, includes a 24/7 security guard patrol in the community.

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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: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k296k

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

Neighborhood: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8971603

* 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
Ollie Detwiler Elementary School Primary Regular 733 41 1
West Preparatory Instititute School For Academic Excellence Middle Regular 1,353 64 7
West Preparatory Instititute School For Academic Excellence High Regular 1,353 64 7

Ollie Detwiler Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 41
1
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: High
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$922
Property Tax -$142
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
-$102

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.

$249,999

PROJECTED PRICE

$1,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,137

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,1503$1,1504$1,1955$1,200
$1,200
RENT COMPS ANALYSIS
  • 2120 Peach Hill Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.03
    •  
  • 2112 Haven Hill Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1996
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 1913 Poppy Hill Street Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1997
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 2128 Velvet Hill Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1996
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.09
    •  
  • 2301 Shady Hill Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,244 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,244 Sqft ∙ Built 1997
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Bruno Guimaraes Gomes F
1.702.972.4705
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244429
Last Updated: 11/06/2020
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