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3136 Harborside Drive Las Vegas, NV 89117

5 Beds 2 Baths 3,286 sqft Built 1986

$569,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $173.43
  • 4 Days on Market
  • MLS # : 2244705
  • Updated Date : 11/06/2020 at 09:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,286 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This home is one of a kind! Luxurious 2 story 5 bedroom home with 3 car garage and gorgeous landscaping in the desirable Lakes Community! Walk inside to a stunning open entry way and a spacious living room to the left that is open to the formal dining room. Gorgeous kitchen boasts a large breakfast counter, recessed lighting, granite counter tops with plenty of counter space and open to the lavish family room with gas fireplace and outdoor entry to the outstanding oasis backyard that features a large pool with waterfall, spa under beautiful gazebo, large sitting area with awning, and a firepit! Office/den with ceiling fan/light and built in bookcase. *added on full bath and bedroom downstairs for an additional 400 sq ft* Upstairs you will find 4 large bedrooms, 2 of them with private balcony's and a full bathroom. Charming master bedroom boasts ceiling fan, recessed lighting, walk in closet and master bathroom with double sinks, jetted tub, and shower! View Today!

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
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,103
Property Tax -$335
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$48

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.

$569,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$40,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,604

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5993$2,6004$2,7005$2,900
$2,900
RENT COMPS ANALYSIS
  • 3136 Harborside Drive Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,286 Sqft ∙ Built 1986 5 beds 2 baths ∙ 3,286 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 2732 Tidewater Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 9416 Crown Vista Lane Las Vegas, NV 2
    • 6 beds 2 baths ∙ 3,137 Sqft ∙ Built 1989 6 beds 2 baths ∙ 3,137 Sqft ∙ Built 1989
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.83
    •  
  • 3017 High Tide Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,557 Sqft ∙ Built 1989 4 beds 2 baths ∙ 3,557 Sqft ∙ Built 1989
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.76
    •  
  • 9312 Angelfish Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,557 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,557 Sqft ∙ Built 1989
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
1.702.310.6683
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244705
Last Updated: 11/06/2020
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