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3136 Centavo Drive Las Vegas, NV 89117

3 Beds 2 Baths 1,441 sqft Built 1987

$315,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $218.60
  • 2 Days on Market
  • MLS # : 2246635
  • Updated Date : 11/07/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,441 sqft
  • Baths : 2 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Wonderful house near The Lakes ~ Recently upgraded stairs & bedrooms flooring, upgraded Bathroom Vanities, Stainless Steel Appliances with less than 2yrs of use ~ 2 downstairs bedrooms & master suite is upstairs ~ Living room features fireplace with high ceilings ~ Upgraded backyard landscaping ~ Located just mins from Downtown Summerlin, Shopping, Entertainment, Freeways and Parks ~ Super Clean and Turn Key!

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

Neighborhood: West Sahara

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k308k

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

Neighborhood: West Sahara

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10621618

* 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
M.j. Christensen Elementary School Primary Regular 615 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

M.j. Christensen Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,162
Property Tax -$140
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$6

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.

$315,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$25,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,329

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4004$1,4255$1,470
$1,470
RENT COMPS ANALYSIS
  • 3136 Centavo Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.02
    •  
  • 3140 Ivory Coast Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1986
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 8644 Toscana Lane Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1987
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 8661 Caribbean Court #0 Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 8613 Lyla Rae Circle Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,490 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,490 Sqft ∙ Built 1987
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.96
    •  
PROPERTY LISTING DETAILS
Luisa F Bello
1.702.374.8390
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246635
Last Updated: 11/07/2020
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