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2412 Wooly Rose Avenue Las Vegas, NV 89106

3 Beds 3 Baths 1,554 sqft Built 2004

$259,999

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.31
  • 6 Days on Market
  • MLS # : 2258196
  • Updated Date : 01/01/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,554 sqft
  • Baths : 2 full , 1 half
Listing Agent

New Era Realty Llc

Listing Agent's Description

NEWLY RENOVATED WATERPROOF LAMINATED HARDWOOD FLOOR, BRAND NEW PAINT THROUGH OUT. GATED CACTUS SPRINGS, 2 STORY 3BD 2.5BA HOUSE FOR SALE.

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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: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k296k

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

Neighborhood: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8971603

* 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
Ollie Detwiler Elementary School Primary Regular 733 41 1
West Preparatory Instititute School For Academic Excellence Middle Regular 1,353 64 7
West Preparatory Instititute School For Academic Excellence High Regular 1,353 64 7

Ollie Detwiler Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 41
1
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: High
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating
 

$233,999$285,999$259,999

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$959
Property Tax -$188
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$64

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.

$259,999

PROJECTED PRICE

$1,260

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $194,999
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,255

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2503$1,2604$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 2412 Wooly Rose Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.81
    •  
  • 2516 Wooly Rose Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2004
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
  • 2636 Living Rock Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2004
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 2617 Bottle Palm Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2004
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 2512 Birds Nest Cactus Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rain Y Liu
1.702.672.2851
New Era Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258196
Last Updated: 01/01/2021
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