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

2691 Flathead Falls Street Las Vegas, NV 89156

2 Beds 2 Baths 1,448 sqft Built 2000

$239,888

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $165.67
  • 4 Days on Market
  • MLS # : 2249651
  • Updated Date : 11/20/2020 at 11:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,448 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fall in love with this former model home!!! Cozy, single story, 2 bedroom, 2 bathroom, 2 car garage residence located behind the gates of Heritage Estates! As you enter, you'll feel right at home. The vaulted ceilings throughout the home gives an airy and spacious feel. This desirable and functional floor plan boasts separate living and family room areas. The large kitchen with massive pantry and breakfast bar opens to a cordial dining area and family room with fireplace and surround sound, making it easy to entertain. A plethora of pot shelves allowing space for your decorative imagination. Primary bedroom with nook - perfect for a small sitting area, which overlooks the expansive rear yard with covered patio featuring roll down shades and twinkle lights. Enjoy privacy and serenity in this established single story community! Home comes complete with solar screens, water filtration system and water softener! This one won't last long and is bound to fly off the market!!!

SEE MORE

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: Yorkshire Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Yorkshire Heights

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
Helen Herr Elementary School Primary Regular 725 37 1
Dr. William H Bob Bailey Middle School Middle Regular 1,202 49 NA
Sunrise Mountain High School High Regular 2,526 113 2

Helen Herr Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 37
1
GreatSchools Rating

Dr. William H Bob Bailey Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 49
NA
GreatSchools Rating

Sunrise Mountain High School

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

$215,899$263,877$239,888

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$885
Property Tax -$161
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$41

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.

$239,888

PROJECTED PRICE

$1,180

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.3%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,320

INVESTMENT

$69,320

Down Payment
$59,972
Rehab Estimate
$5,750
Closing Costs
$3,598

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,972
Loan Amount $179,916
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$13,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,263

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0003$1,1254$1,1805$1,250
$1,250
RENT COMPS ANALYSIS
  • 2691 Flathead Falls Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,448 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,448 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.81
    •  
  • 6168 Bluehill Avenue #1 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 2006
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.81
    •  
  • 2050 North Los Feliz Street #168 Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,202 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,202 Sqft ∙ Built 2005
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.83
    •  
  • 6479 Elwood Mead #101 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,218 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,218 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.92
    •  
  • 6585 Bush Clover Lane #0 Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,350 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,350 Sqft ∙ Built 1995
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jim R Brooks
1.702.269.8443
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249651
Last Updated: 11/20/2020
BESbswy