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

2605 Guidance Ct Court North Las Vegas, NV 89031

3 Beds 3 Baths 1,623 sqft Built 1998

INVESTimate

$252,500

List Price

$1,310

$1,179 - $1,441

Rent Est.

$288,052  ( +14.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $155.58
  • 8 Days on Market
  • MLS # : 2223345
  • Updated Date : 08/19/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,623 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Great upgraded home in desirable gated community with community pool and park areas. Great neighborhood. Home completely renovated. New exterior and interior paint. Hard wood floors on the steps! Beautiful HUGE master with gigantic closet! Stainless steal appliances! This is an AMAZING HOME!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Renaissance at Tierra de Las

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Renaissance at Tierra de Las

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8261603

* 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
Steve Cozine Elementary School Primary Regular 773 41 5
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Cheyenne High School High Regular 2,212 91 2

Steve Cozine Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 41
5
GreatSchools Rating

Brian And Teri Cram Middle School

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

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$227,250$277,750$252,500

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$932
Property Tax -$179
Property Insurance -$59
HOA -$149
Property Management Fees -$119
CASH FLOW
-$128

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.

$252,500

PROJECTED PRICE

$1,310

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 14.08%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,663

INVESTMENT

$72,663

Down Payment
$63,125
Rehab Estimate
$5,750
Closing Costs
$3,788

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$932

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,125
Loan Amount $189,375
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,363

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3253$1,3504$1,3955$1,495
$1,495
RENT COMPS ANALYSIS
  • 2605 Guidance Ct Court North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,623 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.81
    •  
  • 5030 Paradise Harbor Place North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2001
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.83
    •  
  • 5030 Great Abaco Street #0 North Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2000
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 2805 Bahama Point Avenue North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2000
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 4977 Athens Bay Place North Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
PROPERTY LISTING DETAILS
Emily Kline
1.702.592.8222
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223345
Last Updated: 08/19/2020
BESbswy