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3071 Breton Drive Las Vegas, NV 89108

4 Beds 2 Baths 2,491 sqft Built 1978

$514,999

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $206.74
  • 6 Days on Market
  • MLS # : 2264508
  • Updated Date : 01/29/2021 at 17:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,491 sqft
  • Baths : 2 full
Listing Agent

Precision Realty

Listing Agent's Description

Huge lot with 0.46 acres, covered patio, private pool, 2 car garage, space for RV parking, and more! Step inside to a fully remodeled home with open floor plan and oversized windows! Living and dining room look out to the huge covered patio and pool area, perfect for entertaining! Kitchen has an island with breakfast bar seating, tile backsplash, New cabinets, recessed lighting and modern pendant lights over island, sparkling quartz counters, ss appliances! Stunning master bath with dual vanity, upgraded mirrors and lights, dual shower head, built in shower shelving, custom tiled floor & shower. Walk in closet includes built in drawers and shelving unit. Updated ceiling fans, new flooring and paint throughout.

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
Doris M. Reed Elementary School Primary Regular 564 31 1
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Cimarron Memorial High School High Regular 2,541 102 3

Doris M. Reed Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 31
1
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$463,499$566,499$514,999

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,789
Property Tax -$183
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$247

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.

$514,999

PROJECTED PRICE

$1,920

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,249
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6954$1,6955$1,920
$1,920
RENT COMPS ANALYSIS
  • 3071 Breton Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,491 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,491 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.77
    •  
  • 5717 Bartlett Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,552 Sqft ∙ Built 1969 5 beds 3 baths ∙ 2,552 Sqft ∙ Built 1969
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.59
    •  
  • 3516 Calf Roper Court North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 6565 Avon Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1988
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 4405 Sparta Way North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1991
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
PROPERTY LISTING DETAILS
Enzo Varela
1.702.280.8300
Precision Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264508
Last Updated: 01/29/2021
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