Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2270 Rosanna Street Las Vegas, NV 89117

4 Beds 3 Baths 3,598 sqft Built 1980

$764,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $212.34
  • 3 Days on Market
  • MLS # : 2263689
  • Updated Date : 01/23/2021 at 00:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,598 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Single story home sits on nearly half acre lot, large circular driveway & RV parking/3 car garage. Home as very wide open floorplan with high ceilings throughout. Custom upgrades throughout the home including a brand new custom built in wet bar, remodeled backyard including new turf & pavers, as well as plenty of mature foliage that provides for a very secluded & private retreat. Marble tile floors throughout, high end custom kitchen cabinets, two wood burning fire places, along with a sunken living room with hardwood floors. Large remodeled master bedroom & bathroom, with a newly built large walk in closet. All 4 bedrooms located in the south wing of the home. Very large split level backyard. Upper level has been recently renovated & built out and includes a raised fire pit/sitting area as well as an outdoor dining area. Several access points to backyard including one from the kitchen, living room, as well as master bedroom. Lower backyard has very large pool that is currently empty

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: Rainbow Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $119k708k

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

Neighborhood: Rainbow Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10763250

* 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
Herbert A. Derfelt Elementary School Primary Regular 699 34 6
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Herbert A. Derfelt Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 34
6
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

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

$687,600$840,400$764,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,654
Property Tax -$361
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
$180

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.

$764,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,210

INVESTMENT

$208,210

Down Payment
$191,000
Rehab Estimate
$5,750
Closing Costs
$11,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,654

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,000
Loan Amount $573,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$69,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,841

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,410
1$3,4102$3,5003$3,6004$3,6005$4,500
$4,500
RENT COMPS ANALYSIS
  • 2270 Rosanna Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,598 Sqft ∙ Built 1980 3 beds 3 baths ∙ 3,598 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $0.95
    •  
  • 1555 Duneville Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,448 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,448 Sqft ∙ Built 1980
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
  • 7755 Coley Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1988
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.09
    •  
  • 3025 Monte Cristo Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,563 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,563 Sqft ∙ Built 1984
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.01
    •  
  • 2201 Tenaya Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Sebastian Galas
1.702.370.4969
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263689
Last Updated: 01/23/2021
BESbswy