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

3112 Gaucho Drive Las Vegas, NV 89169

3 Beds 1 Baths 1,215 sqft Built 1962

$255,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $209.88
  • 3 Days on Market
  • MLS # : 2269822
  • Updated Date : 02/13/2021 at 00:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,215 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

Paradise Palms Mid Century Modern Stunner! Palmer and Krisel model 2A. 3 bed 2 bath with 2 car carport and secured storage (3x13) on a large corner lot. Floor plan includes primary bedroom with en-suite bathroom separate from the 2nd and 3rd bedrooms which are connected by a Jack and Jill bathroom. Great natural light throughout. Living room features a wood burning fireplace. Large fenced backyard has a patio area off the the living room and dining room accessed by dual pane sliders, low maintenance landscaping with trees for shade. Washer and dryer are located inside the house. All appliances stay. Exterior of house has newer paint in period perfect color! This house is ready for you to move in and make it your own. COME QUICK!

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: Paradise Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k301k

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

Neighborhood: Paradise Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651752

* 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
Robert E. Lake Elementary School Primary Regular 808 53 4
K O Knudson Junior High School Middle Magnet 1,362 61 NA
Valley High School High Magnet 2,826 123 2

Robert E. Lake Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 53
4
GreatSchools Rating

K O Knudson Junior High School

  • Education Level: Middle
  • # of students: 1,362
  • # of teachers: 61
NA
GreatSchools Rating

Valley High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$886
Property Tax -$100
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$224

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.

$255,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$37,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3953$1,3954$1,4655$1,500
$1,500
RENT COMPS ANALYSIS
  • 3112 Gaucho Drive Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,215 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,215 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.14
    •  
  • 3124 Burnham Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,215 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,215 Sqft ∙ Built 1962
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
  • 1986 Del Mar Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,161 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,161 Sqft ∙ Built 1962
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.20
    •  
  • 3201 Seneca Drive #0 Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1963
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $1.08
    •  
  • 2963 Berman Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1963
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Wendy Curtis
1.917.922.0971
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269822
Last Updated: 02/13/2021
BESbswy