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2131 Duneville Street Las Vegas, NV 89146

4 Beds 3 Baths 3,936 sqft Built 1976

$535,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $135.92
  • 2 Days on Market
  • MLS # : 2249927
  • Updated Date : 11/21/2020 at 15:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,936 sqft
  • Baths : 3 full
Listing Agent

United Realty Group

Listing Agent's Description

True pride of ownership! Home has 4 bedrooms and 2 full baths, 1104 sq ft basement and a guest house of 404 sq ft w/RV/Boat parking on a 16,117 sq ft corner lot. Large open living room with wood burning fireplace. Kitchen has been updated with granite counter tops, breakfast bar with eat in nook. Semi custom cabinets. SS Kitchen aid appliances included. Primary bedroom has 2 closets and bath with dual vanities and custom shower. Secondary bedrooms are all good sized. Home has ceiling fans/lights in most rooms. 5 inch base boards. New upgraded windows. Laundry room with dasin. Huge covered patio with B/I grilling area. Huge semi finished basement. 2 A/C units. New exterior paint and tile roof. Security system with 3 cameras. Guest home has living room bedroom, kitchenette, 3/4 bath and laundry. Separate entrance from home. Home has to many upgrades to list

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

Zip Code: 89146

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Zip Code: 89146

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651768

* 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 Hancock Elementary School Primary Regular 552 29 2
Hyde Park Middle School Middle Magnet 1,699 69 NA
Bonanza High School High Regular 2,003 83 3

Doris Hancock Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 29
2
GreatSchools Rating

Hyde Park Middle School

  • Education Level: Middle
  • # of students: 1,699
  • # of teachers: 69
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,974
Property Tax -$193
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$89

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.

$535,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.5%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$31,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $3,090

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$3,0003$3,000
$3,000
RENT COMPS ANALYSIS
  • 2131 Duneville Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,936 Sqft ∙ Built 1976 4 beds 3 baths ∙ 3,936 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.58
    •  
  • 2845 Mann Street Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,886 Sqft ∙ Built 1979 5 beds 2 baths ∙ 3,886 Sqft ∙ Built 1979
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 3220 Westleigh Avenue Las Vegas, NV 3
    • 4 beds 5 baths ∙ 3,734 Sqft ∙ Built 1992 4 beds 5 baths ∙ 3,734 Sqft ∙ Built 1992
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Giovanni L Carmona
1.702.460.1347
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249927
Last Updated: 11/21/2020
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