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

2906 Bel Air Drive Las Vegas, NV 89109

3 Beds 1 Baths 2,746 sqft Built 1975

$495,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $180.26
  • 18 Days on Market
  • MLS # : 2258069
  • Updated Date : 01/15/2021 at 15:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,746 sqft
  • Baths : 1 full
Listing Agent

Century 21 Americana

Listing Agent's Description

Corner Lot Home Complete Remodel 2009 at the Las Vegas CC with open floorpan concept. 3 Bedrooms, Den, and 3 baths Private Heated Pool. Beautiful updated kitchen with gas range and stainless steel appliances. Tankless water heater, Vaulted Ceilings in Bedrooms. Newer AC units & Roof. DOWNSTAIRS 3/4 Bath & Bedroom & Den, gas fireplace in living room. Updated low-e windows & doors throughout. Unit has additional windows in Kitchen & Living Room added that are not found in similar units. Nice & Bright and wonderful re-design on main floor.

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: Winchester

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Winchester

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
John S. Park Elementary School Primary Regular 852 46 3
John C. Fremont Middle School Middle Regular 873 41 NA
Valley High School High Magnet 2,826 123 2

John S. Park Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 46
3
GreatSchools Rating

John C. Fremont Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 41
NA
GreatSchools Rating

Valley High School

  • Education Level: High
  • # of students: 2,826
  • # of teachers: 123
2
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,719
Property Tax -$250
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$131

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.

$495,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

6.75

YEARS SAVED

$40,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,595

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,4904$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2906 Bel Air Drive Las Vegas, NV 1
    • 3 beds 1 baths ∙ 2,746 Sqft ∙ Built 1975 3 beds 1 baths ∙ 2,746 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 1048 Pinehurst Drive #1048 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,655 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,655 Sqft ∙ Built 1980
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.92
    •  
  • 916 Vegas Valley Drive #0 Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,625 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,625 Sqft ∙ Built 1971
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.95
    •  
  • 2973 Bel Air Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,594 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,594 Sqft ∙ Built 1974
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 1024 Pinehurst Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 1980
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Alan J Stamm
1.702.589.6084
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258069
Last Updated: 01/15/2021
BESbswy