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272 Botanic Gardens Drive Las Vegas, NV 89148

4 Beds 4 Baths 2,227 sqft Built 2013

$385,300

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $173.01
  • 5 Days on Market
  • MLS # : 2269185
  • Updated Date : 02/12/2021 at 20:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,227 sqft
  • Baths : 3 full , 1 half
Listing Agent

Gk Properties

Listing Agent's Description

Stunning 4 bedroom, 3 and a half bath located in Rhodes Ranch! Shows like a model! Open floorplan, chefs kitchen with granite counters, large eat at island and walk in pantry. Downstairs bedroom has attached, private ensuite with shower and walk in closet. Mudroom located at garage entrance .Laundry room upstairs. Primary room separate from other bedrooms. Huge primary bath boasts oversized garden tub with separate step in shower and access to your large walk in closet. No maintenance backyard with synthetic grass and covered patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$346,770$423,830$385,300

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,338
Property Tax -$285
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$48

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.

$385,300

PROJECTED PRICE

$1,860

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$107,855

INVESTMENT

$107,855

Down Payment
$96,325
Rehab Estimate
$5,750
Closing Costs
$5,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,338

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,325
Loan Amount $288,975
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8504$1,8605$1,925
$1,925
RENT COMPS ANALYSIS
  • 272 Botanic Gardens Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,227 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,227 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.84
    •  
  • 372 Cart Crossing Way Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2004
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 369 Dog Leg Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2004
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 374 Center Green Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 460 White Heart Road Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.86
    •  
PROPERTY LISTING DETAILS
George Kypreos
1.702.815.1555
Gk Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269185
Last Updated: 02/12/2021
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