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2208 Barhill Avenue North Las Vegas, NV 89084

4 Beds 5 Baths 4,006 sqft Built 2006

$529,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $132.28
  • 4 Days on Market
  • MLS # : 2257522
  • Updated Date : 12/31/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,006 sqft
  • Baths : 4 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

This home is gorgeous and ready to be a new home for the most discerning buyers! Immaculate home has a a open and light floorplan with with plenty of room. Home features a dual master floor plan with second room with full bath downstairs, formal dining area, dual sided fireplace to living room/ foyer area and family room, 4 upstairs bedrooms a large loft with balcony and amazing den. New flooring, carpet, granite and paint set this home apart! Other features include recessed lighting, full pantry, GE Monogram stainless appliances, convection microwave, garden window, large open backyard, and bedrooms include en-suite bathrooms a must see! This home will not disappoint!

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

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
 

$476,910$582,890$529,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,955
Property Tax -$414
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$93

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.

$529,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.47%

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$500k$1.0M$1.5M$2.0M

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$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$32,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,744

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5954$2,5955$2,695
$2,695
RENT COMPS ANALYSIS
  • 2208 Barhill Avenue North Las Vegas, NV 2
    • 4 beds 5 baths ∙ 4,006 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,006 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.62
    •  
  • 3504 Frigatebird Lane North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2007
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.67
    •  
  • 7304 Bugler Swan Way North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.70
    •  
  • 7376 Summer Duck Way North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.70
    •  
  • 2116 Humble Hollow Place North Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.67
    •  
PROPERTY LISTING DETAILS
Giovanna R Piccoli
1.702.595.6729
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257522
Last Updated: 12/31/2020
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