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2808 Windstorm Avenue Las Vegas, NV 89106

4 Beds 2 Baths 1,285 sqft Built 1993

$299,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $232.68
  • 3 Days on Market
  • MLS # : 2277187
  • Updated Date : 03/12/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,285 sqft
  • Baths : 2 full
Listing Agent

Silver State Realty & Inves

Listing Agent's Description

THIS RENOVATED 4 BEDROOM/2 BATHROOM HOME HAS BEEN COMPELTELY REMODELED THOROUGH-OUT FEATURING RICH CHOCOLATE LAMINATE WOOD PLANKS, WHITE SHAKER CABINETS, CUSTOM GRANITE IN KITCHEN WITH DESIGNER TILE IN BATHROOMS. EASY MAINTENANCE WITH DESERT LANDSCAPE AND ARTIFICIAL TURF. HURRY, THIS WONT LAST LONG!!

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: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k296k

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

Neighborhood: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8971603

* 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
Ollie Detwiler Elementary School Primary Regular 733 41 1
Western High School High Regular 2,534 112 2
Western High School High Unknown NA

Ollie Detwiler Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 41
1
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating

Western High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,039
Property Tax -$139
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$112

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.

$299,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$28,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,317

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2703$1,3504$1,4505$1,460
$1,460
RENT COMPS ANALYSIS
  • 2808 Windstorm Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,285 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,285 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.14
    •  
  • 1728 Windchime Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1993
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 1921 Summerville Street #102 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.05
    •  
  • 1713 Sky Of Red Drive #203 Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1999
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 1708 Sky Of Red Drive #203 Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1999
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Kamran Abdo
1.702.210.4009
Silver State Realty & Inves
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277187
Last Updated: 03/12/2021
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