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2364 Mourning Warbler Avenue North Las Vegas, NV 89134

3 Beds 1 Baths 1,420 sqft Built 2006

$306,922

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $216.14
  • 3 Days on Market
  • MLS # : 2264841
  • Updated Date : 01/30/2021 at 21:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

SERENE and QUIET, GORGEOUS SINGLE STORY HOME IN AGE ENHANCED SUN CITY ALIANTE by Del Webb! 3 BEDROOMS! FULLY FENCED BACKYARD! HUGE FAMILY ROOM! This home has been lovingly maintained for years, and was formerly owned by an interior designer who paid meticulous attention to every aspect of the home. The kitchen includes a fantastic dining area, white cabinets, granite countertops, plantation shutters, a pantry and newer appliances. Gorgeous tile floors, laid diagonally throughout the house except for the bedrooms. Tons of storage; and very CLEAN! Enjoy your morning cup of coffee out on the covered patio! Easy to care for desert landscaping! Sun City Aliante has an indoor pool, gym, clubhouse, and lots of activities! Community GOLF is also available The community is close to shopping, dining, a movie theater, a neighborhood casino and parks! This is easily one of the most desirable floor plans to become available in a long time! THIS PROPERTY IS PRICED TO SELL AND WILL NOT LAST!

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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: Sun City Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $110k308k

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

Neighborhood: Sun City Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
Vincent L. Triggs Elementary School Primary Regular 761 40 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Shadow Ridge High School High Regular 2,697 105 6

Vincent L. Triggs Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
7
GreatSchools Rating

Brian And Teri Cram Middle School

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

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$276,230$337,614$306,922

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,066
Property Tax -$220
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$20

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.

$306,922

PROJECTED PRICE

$1,440

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,084

INVESTMENT

$87,084

Down Payment
$76,731
Rehab Estimate
$5,750
Closing Costs
$4,604

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,731
Loan Amount $230,192
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,448

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4403$1,4504$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 2364 Mourning Warbler Avenue North Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,420 Sqft ∙ Built 2006 3 beds 1 baths ∙ 1,420 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.01
    •  
  • 7956 Fantail North Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,246 Sqft ∙ Built 2005 3 beds 1 baths ∙ 1,246 Sqft ∙ Built 2005
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.04
    •  
  • 2117 Geese Avenue North Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2007
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 2912 Ivorybill North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2005
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 7404 Petrel Street #0 North Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 2007 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 2007
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ian S Palast
1.702.370.0327
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264841
Last Updated: 01/30/2021
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