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2132 Saddlebill Court North Las Vegas, NV 89084

4 Beds 3 Baths 3,008 sqft Built 2005

$395,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $131.32
  • 3 Days on Market
  • MLS # : 2259386
  • Updated Date : 01/31/2021 at 04:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,008 sqft
  • Baths : 3 full
Listing Agent

Nicklin Prop Mgmt & Inv Inc

Listing Agent's Description

HERE’S YOUR NEW HOME! LOCATED IN THE POPULAR ALIANTE COMMUNITY. WITH A BIG DOWNSTAIRS FAMILY ROOM AND TWO LOFT AREAS YOU’LL HAVE PLENTY OF ROOM TO RELAX OR ENTERTAIN. FORMAL LIVING ROOM AND FORMAL DINING ROOM. OPEN KITCHEN WITH RECESSED LIGHTING, BREAKFAST BAR AND EATING NOOK FOR MORE CASUAL DINING. THIS FLOOR PLAN FEATURES A HARD TO FIND DOWNSTAIRS BEDROOM AND 3 ADDITIONAL UPSTAIRS BEDROOMS. THE MASTER BEDROOM IS LARGE AND HAS SLIDER ACCESS TO ITS OWN BALCONY. SPACIOUS MASTER BATH WITH DUAL SINK VANITY, SEPARATE SHOWER AND OVAL SOAKING TUB, WALK-IN CLOSET. WAIT UNTIL YOU SEE THE HUGE LOFT (APPROX 19’ X 21’)! THERE IS AN ADDITIONAL SMALLER LOFT/OPEN AREA – IDEAL FOR AN OFFICE, STUDY, CRAFT SPACE? NICE SIZED REAR YARD – START PLANNING YOUR POOL INSTALLATION TODAY! BUYER TO VERIFY ALL INFORMATION AND SCHOOLS.

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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: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k362k

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

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671963

* 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
7
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,372
Property Tax -$333
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,1755$2,285
$2,285
RENT COMPS ANALYSIS
  • 2132 Saddlebill Court North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.65
    •  
  • 2305 Mountain Rail Drive North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.59
    •  
  • 3409 Perching Bird Lane Lane North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.63
    •  
  • 6548 Candleglade Court North Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,173 Sqft ∙ Built 2005 5 beds 2 baths ∙ 3,173 Sqft ∙ Built 2005
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.69
    •  
  • 6437 Diamond Point Court North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,285
    • $0.74
    •  
PROPERTY LISTING DETAILS
Patricia Annis
1.702.533.2949
Nicklin Prop Mgmt & Inv Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259386
Last Updated: 01/31/2021
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