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3180 Aloha Avenue Las Vegas, NV 89121

3 Beds 3 Baths 2,584 sqft Built 1980

$479,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $185.72
  • 33 Days on Market
  • MLS # : 2264756
  • Updated Date : 02/22/2021 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,584 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Realty Group

Listing Agent's Description

BEAUTIIFUL 2-STORY HOME WITH MOUNTAIN/STRIP VIEWS ZONED ON A NON HOA HORSE PERMITTED LOT WITH 20,000 SQ FT. 1/2 ACRE, RV PARKING. GENTLY FLOWING LANDSCAPED YARD W/A 700 SQ. FT. COVERED PATIO, GORGEOUS POOL. LRG LIVING AREA W/STUNNING WOODBURNING FIREPLACE, FORMAL DINING. KITCHEN INCLUDES EATING/DINING AREA, BREAKFAST BAR & ISLAND. THIS HOME FEATURES PLENTY OF UPGRADES. ALMOST $30K INTO BATHROOM UPGRADES. AND MANY MORE UPGRADES THROUGHT THE WHOLE PROPERTY. A VERY UNIQUE HOME. MUST SEE!

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MARKET HIGHLIGHTS

  • 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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Laura Dearing Elementary School Primary Regular 770 47 4
Jerome Mack Middle School Middle Regular 1,275 56 NA
Chaparral High School High Regular 2,270 87 3

Laura Dearing Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
4
GreatSchools Rating

Jerome Mack Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 56
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,667
Property Tax -$206
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$299

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.

$479,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,7704$2,150
$2,150
RENT COMPS ANALYSIS
  • 3180 Aloha Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.68
    •  
  • 3448 Clandara Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1978
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 3501 Victory Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 2,345 Sqft ∙ Built 1973 3 beds 1 baths ∙ 2,345 Sqft ∙ Built 1973
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.64
    •  
  • 5457 Apron Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2000
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
PROPERTY LISTING DETAILS
Juana Zavala
1.702.338.9431
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264756
Last Updated: 02/22/2021
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