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25 Raptors View Avenue North Las Vegas, NV 89031

5 Beds 3 Baths 3,934 sqft Built 2007

$385,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $97.86
  • 7 Days on Market
  • MLS # : 2253463
  • Updated Date : 12/11/2020 at 18:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,934 sqft
  • Baths : 3 full
Listing Agent

Compass Realty & Management, L

Listing Agent's Description

This Spacious 5 bedrooms/3 full bathrooms/3 car garage home has so much to offer ** Great Open Floor Plan ** Front Gated Courtyard ** One Bedroom Downstairs w/full bath ** Separate living and family rooms w/tile throughout the entire downstairs ** 4 bedrooms plus Huge loft upstairs can be 2nd family room/game room ** Master suite w/big double walk-in closets ** Gourmet island kitchen w/granite countertops & back splash ** Ceiling fans ** Low maintenance landscaping ** Walking distance to the community parks, playgrounds, outdoor sports areas ** Convenient to schools, shopping and much much more ** A bargain at this price for all this space! At this price point you can't beat this price in this great community!

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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: Sierra Racnch Villages

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k312k

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

Neighborhood: Sierra Racnch Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Fredric W Watson Elementary School Primary Regular 648 36 2
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Legacy High School High Regular 2,819 119 3

Fredric W Watson Elementary School

  • Education Level: Primary
  • # of students: 648
  • # of teachers: 36
2
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,420
Property Tax -$364
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$7

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.

$385,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.51

    LIST RENT PER SQFT
  • $2,056

    COMP ESTIMATED VALUE
  • $0.52

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0004$2,0455$2,100
$2,100
RENT COMPS ANALYSIS
  • 25 Raptors View Avenue North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,934 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,934 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.51
    •  
  • 1512 Peyton Stewart Court North Las Vegas, NV 1
    • 6 beds 5 baths ∙ 3,804 Sqft ∙ Built 2005 6 beds 5 baths ∙ 3,804 Sqft ∙ Built 2005
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.52
    •  
  • 5916 Pink Chaff Street North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,934 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,934 Sqft ∙ Built 2008
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.51
    •  
  • 209 Summit Creek Avenue North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,856 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,856 Sqft ∙ Built 2007
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.53
    •  
  • 6071 Silken Saddle Street North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,934 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,934 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.53
    •  
PROPERTY LISTING DETAILS
Lydia Lunsford
1.702.372.9387
Compass Realty & Management, L
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253463
Last Updated: 12/11/2020
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