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32 Dollar Pointe Las Vegas, NV 89148

6 Beds 5 Baths 4,503 sqft Built 2000

$650,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $144.35
  • 5 Days on Market
  • MLS # : 2261384
  • Updated Date : 01/13/2021 at 19:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,503 sqft
  • Baths : 4 full , 1 half
Listing Agent

City Villa Realty & Management

Listing Agent's Description

AMAZING 2 STORY HOUSE LOCATE IN THE BEAUTIFUL GATE GUARD RHODES RANCH GOLF COURSE COMMUNITY. THIS HOUSE FEATURES: 6 BDS, 4.5 BATH, SPIRAL STAIRCASE, A DOWNSTAIRS OFFICE, PERFECT FOR REMOTE LEARNING OR WORK! YOU'LL SWEPT AWAY BY THE SOARING CEILINGS, BEAUTIFUL PATTERNED SHUTTERS THROUGHOUT. A DOWNSTAIR BEDROOM & 5 UPSTAIRS BDS, THE MASTER SUITE IS ENORMOUS COMPLETE WITH FIREPLACE AND MASSIVE JETTED TUB, WALK IN CLOSET.OPEN KITCHEN WITH GRANITE COUNTERTOPS, ISLAND, FIREPLACES. DESERT LANDSCAPING IN THE FRONT AND BACK YARD. CLUB HOUSE AND FITNESS CENTER INCLUDED.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,258
Property Tax -$443
Property Insurance -$114
Property Management Fees -$119
CASH FLOW
$546

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.

$650,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$97,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,407

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,3003$3,4804$3,761
$3,761
RENT COMPS ANALYSIS
  • 32 Dollar Pointe Las Vegas, NV 3
    • 6 beds 5 baths ∙ 4,503 Sqft ∙ Built 2000 6 beds 5 baths ∙ 4,503 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $0.77
    •  
  • 6250 Sandford Creek Street Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,271 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,271 Sqft ∙ Built 2017
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 43 Big Creek Court Las Vegas, NV 2
    • 6 beds 5 baths ∙ 4,503 Sqft ∙ Built 2001 6 beds 5 baths ∙ 4,503 Sqft ∙ Built 2001
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.73
    •  
  • 81 Dollar Pointe Avenue Las Vegas, NV 4
    • 6 beds 5 baths ∙ 4,396 Sqft ∙ Built 2000 6 beds 5 baths ∙ 4,396 Sqft ∙ Built 2000
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,761
    • $0.86
    •  
PROPERTY LISTING DETAILS
Minni Jiang
1.702.325.8599
City Villa Realty & Management
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261384
Last Updated: 01/13/2021
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