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2145 Hosta Court Las Vegas, NV 89135

4 Beds 3 Baths 2,032 sqft Built 2005

$395,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $194.39
  • 8 Days on Market
  • MLS # : 2244569
  • Updated Date : 11/13/2020 at 15:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,032 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

BEAUTIFUL 4 BEDROOM 2.5 BATHROOM HOME LOCATED WITHIN THE HEART OF SUMMERLIN! THE UPGRADED KITCHEN OPENS UP TO BOTH THE LIVING ROOM AND THE DINING ROOM - FABULOUS FOR ENTERTAINING GUESTS AND FAMILY. BRAND NEW CARPETS AND PAINT THROUGHOUT THE HOUSE! AMAZING LOCATION - MINUTES FROM DOWNTOWN SUMMERLIN AND RED ROCK CASINO! YOU DON’T WANT TO MISS THIS!

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: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k380k

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

Neighborhood: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762040

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

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

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,457
Property Tax -$248
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$130

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

$1,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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-$5.0k$0.0$5.0k$10k$15k

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7603$1,7954$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 2145 Hosta Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.87
    •  
  • 2241 Summer Home Las Vegas, NV 1
    • 3 beds 4 baths ∙ 2,032 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,032 Sqft ∙ Built 2005
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 2248 Summer Home Street Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2005
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 2168 Summer Home Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2005
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 10286 Magnolia Tree Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2003
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
PROPERTY LISTING DETAILS
Elizabeth M Citores
1.702.278.2618
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244569
Last Updated: 11/13/2020
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