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2680 San Marcos Street Las Vegas, NV 89115

5 Beds 2 Baths 1,400 sqft Built 1971

$264,995

List Price

$1,150

$1K - $1.3K

Rent Est.

$75,974

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $189.28
  • 3 Days on Market
  • MLS # : 2271576
  • Updated Date : 02/20/2021 at 01:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Select Properties Group

Listing Agent's Description

FULLY RENOVATED SINGLE STORY HOME BOASTING AN ENCLOSED FRONT YARD AND BACKYARD. OPEN FLOORPLAN KITCHEN BOASTING AN ISLAND. WHITE SHAKER CABINETS. QQUARTZ COUNTERTOPS. DARK CABINET PULLS. TILED SHOWERS.ALL NEW FIXTURES. CARPETED BEDROOMS. VINYL WOOD LOOK FLOORING AND MUCH MORE!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Americana

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $64k296k

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

Neighborhood: Americana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7671603

* 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
Myrtle Tate Elementary School Primary Regular 745 43 3
Ed Von Tobel Middle School Middle Regular 1,189 51 NA
Sunrise Mountain High School High Regular 2,526 113 2

Myrtle Tate Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 43
3
GreatSchools Rating

Ed Von Tobel Middle School

  • Education Level: Middle
  • # of students: 1,189
  • # of teachers: 51
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

FINANCIALS

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$238,496$291,495$264,995

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$920
Property Tax -$82
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$26

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.

$264,995

PROJECTED PRICE

$1,150

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.6%
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

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$75,974

INVESTMENT

$75,974

Down Payment		 $66,249
Rehab Estimate		 $5,750
Closing Costs		 $3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,249
Loan Amount $198,746
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$14,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT

  • $0.82

    LIST RENT PER SQFT

  • $1,120

    COMP ESTIMATED VALUE

  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1953$1,2004$1,2955$1,495
$1,495
RENT COMPS ANALYSIS
  • 2680 San Marcos Street Las Vegas, NV 1
    • 5 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971 5 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.82
    •  
  • 3605 Carey North Las Vegas, NV 2
    • 5 beds 2 baths ∙ 1,561 Sqft ∙ Built 1963 5 beds 2 baths ∙ 1,561 Sqft ∙ Built 1963
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.77
    •  
  • 2836 Hickey Avenue #0 Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1959
    property image
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.76
    •  
  • 2841 Emmons Avenue North Las Vegas, NV 4
    • 5 beds 2 baths ∙ 1,631 Sqft ∙ Built 1959 5 beds 2 baths ∙ 1,631 Sqft ∙ Built 1959
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 3855 Terrazzo Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 1986
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Avraham Metal
1.347.693.6400
Select Properties Group
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271576
Last Updated: 02/20/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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