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2714 River Ranch Place North Las Vegas, NV 89081

4 Beds 3 Baths 2,305 sqft Built 2005

$349,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $151.80
  • 2 Days on Market
  • MLS # : 2280200
  • Updated Date : 03/20/2021 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,305 sqft
  • Baths : 2 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

BEAUTIFULLY APPOINTED GATED 4 BEDROOM HOME CENTRALLY LOCATED TO SCHOOLS, PARKS, SHOPPING AND WORLD CLASS ENTERTAINMENT IN THE NORTH WEST PART OF LAS VEGAS. COUNRT YARD ENTRY WITH OPEN FLOOR PLAN AND BED ABD FULL BATH DOWN STAIRS, DEN OFF OVERSIZED FAMILY ROOM WITH SEING FANS. GOURMET KITCHEN PACKAGE WITH ISLAND, UPGRADED CABINETS AND GRANITE COUNTER TOPS PERFECT TO RELAX AND ENTERTAIN FAMILY AND FRIENDS. PRIMARY BEDROOM WITH SEPARATE SHOWER AND TUB COMBINATION AND DUAL SINKS IN PRIMARY BATHROOM. OVERSIZED REAR AND SIDE YARDS AND SITUATED ON A CORNER LOT. HURRY THIS ONE WILL NOT LAST LONG!! CALL US TODAY!!

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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: Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $84k393k

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

Neighborhood: Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9651692

* 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
John Tartan Elementary School Primary Regular 637 37 3
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

John Tartan Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 37
3
GreatSchools Rating

Clifford O. Findlay Middle School

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

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,215
Property Tax -$277
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$53

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.

$349,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.8%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6303$1,6954$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 2714 River Ranch Place North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.71
    •  
  • 5829 Addy Lane #0 North Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,305 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,305 Sqft ∙ Built 2005
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 2605 Alpenhof Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 2107 Saybrook Avenue North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 2017
    LEASED 03/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 3124 Winter Sunset Avenue North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2005
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
PROPERTY LISTING DETAILS
Robert W Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280200
Last Updated: 03/20/2021
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