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3117 Point Sal Circle Las Vegas, NV 89128

4 Beds 3 Baths 2,205 sqft Built 1994

$549,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

$151,474

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $249.39
  • 5 Days on Market
  • MLS # : 2271602
  • Updated Date : 02/27/2021 at 18:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Totally remodeled home on interior corner lot of a cul-de-sac with great mountain views*Separate living, dining & family rooms*Large gourmet kitchen with granite counter, center island & upgraded cabinets*Upgraded flooring t/o*All SS LG appliances included*New lighting & window coverings t/o*Full covered patio with upper balcony*Sparkling pool*Lush mature landscaping*All furniture for sale**Desert Shores encompasses 682 acres & features 4 man made lakes, a lagoon style swimming pool surrounded by a sand beach, palm trees and a picnic park complete with volleyball, basketball and playground facilities* There are community docks that provide paddle boating and fishing for the residents. The 2100 sq ft clubhouse has terraces on the side of the main lake and is a great place to host private parties & special events. Tons of walking & biking trails throughout this gorgeous community*This is more than just a home purchase, it's a life style purchase*

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761945

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

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

FINANCIALS

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$494,910$604,890$549,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,910
Property Tax -$270
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$489

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.

$549,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment		 $137,475
Rehab Estimate		 $5,750
Closing Costs		 $8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT

  • $0.85

    LIST RENT PER SQFT

  • $1,841

    COMP ESTIMATED VALUE

  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7253$1,8504$1,8805$2,100
$2,100
RENT COMPS ANALYSIS
  • 3117 Point Sal Circle Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.85
    •  
  • 3312 Indian Moon Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 1995
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 8129 Villa Finestra Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1994
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.78
    •  
  • 3100 Point Sal Circle Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 1994
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 8100 Greenwich Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1996
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Mark A Weinberg
1.702.493.8000
Bhhs Nevada Properties
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271602
Last Updated: 02/27/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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