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2660 Bronco Street Las Vegas, NV 89146

4 Beds 3 Baths 2,478 sqft Built 1973

$630,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $254.24
  • 5 Days on Market
  • MLS # : 2261396
  • Updated Date : 01/15/2021 at 21:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 3 full
Listing Agent

Money Street Realty

Listing Agent's Description

WOW!! NO HOA 1/2 Acre Living has it all. Tennis court - Illuminated and resurfaced. 2 a/c units. New kitchen with Stainless Steel appliances, Granite counters and soft close cabinets. New wood look flooring. Updated bathrooms. New Paint inside and out. Plantation blinds. Guest Suite/ office with private entrance and patio. New Huge Renewal by Anderson "SunSense" picture window with a view. Brinks alarm system. Swann 4k security camera system. New washer/Dryer. Very open floorplan with Huge family room for hanging out and entertaining. Pool (11 ft deep)/ Spa. Mature landscaping includes: Citrus Trees - Rose bushes - grass front and back - mature shrubs - Huge Mulberry tree - complete irrigation - dog run area - Landscape lighting. RV parking and hookups w/ 50 amp service and septic access. 3 car garage with 220/25 amp plug (great for electric vehicle). Very desirable area in Spring Valley known as "the hidden jewel of the valley". Many more items to see.

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
R. Guild Gray Elementary School Primary Regular 521 24 5
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Bonanza High School High Regular 2,003 83 3

R. Guild Gray Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 24
5
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Bonanza High School

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

$567,000$693,000$630,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,188
Property Tax -$288
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$430

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.

$630,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,354

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,055
1$2,0552$2,1503$2,2404$2,3005$2,650
$2,650
RENT COMPS ANALYSIS
  • 2660 Bronco Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.90
    •  
  • 2920 Sean Darin Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,055
    • $0.86
    •  
  • 6409 Peppermill Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 1984
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.92
    •  
  • 2925 Torrey Pines Drive Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,331 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,331 Sqft ∙ Built 1978
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 2825 Bronco Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,566 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,566 Sqft ∙ Built 1985
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Brian Goodman
1.702.469.8223
Money Street Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261396
Last Updated: 01/15/2021
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