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2144 Clancy Street Las Vegas, NV 89156

3 Beds 3 Baths 1,343 sqft Built 2003

$220,300

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $164.04
  • 7 Days on Market
  • MLS # : 2246889
  • Updated Date : 11/10/2020 at 16:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,343 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gk Properties

Listing Agent's Description

Charming 3 bedroom 2 and a half bath home! Kitchen comes with stainless steel fridge, upgraded sink and tile floors. Primary bedroom upstairs with large walk in closet and adjoining primary bath with tub shower combo and manmade wood flooring. All bedrooms up and bedroom three has private restroom access. Brand new carpeting! Make this home yours today!

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

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
Martin Luther King Jr Elementary School Primary Regular 521 31 3
Dr. William H Bob Bailey Middle School Middle Regular 1,202 49 NA
Sunrise Mountain High School High Regular 2,526 113 2

Martin Luther King Jr Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 31
3
GreatSchools Rating

Dr. William H Bob Bailey Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 49
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

$198,270$242,330$220,300

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$813
Property Tax -$138
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$3

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.

$220,300

PROJECTED PRICE

$1,120

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,130

INVESTMENT

$64,130

Down Payment
$55,075
Rehab Estimate
$5,750
Closing Costs
$3,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$813

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,075
Loan Amount $165,225
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,209

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,1203$1,2254$1,2755$1,295
$1,295
RENT COMPS ANALYSIS
  • 2144 Clancy Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.83
    •  
  • 2153 Clancy Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,188 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,188 Sqft ∙ Built 2003
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.84
    •  
  • 5173 Bellaria Place Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.85
    •  
  • 2184 Clancy Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.95
    •  
  • 2092 Clancy Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
George Kypreos
1.702.815.1555
Gk Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246889
Last Updated: 11/10/2020
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