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3249 North Perching Bird Lane North Las Vegas, NV 89084

5 Beds 3 Baths 3,177 sqft Built 2006

$439,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.46
  • 7 Days on Market
  • MLS # : 2253940
  • Updated Date : 12/10/2020 at 21:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,177 sqft
  • Baths : 3 full
Listing Agent

Monticello Realty Llc

Listing Agent's Description

You won't want to miss this!! Beautiful upgraded 5 bedroom home with a relaxing pool & spa, and loft! Full bedroom and full bath on main level. Large Master with attached office/ sitting room. Private Balcony, Newly painted interior,Plantation Shutters, Alarm,Porcelain tile, island in Kitchen, Beautiful appliances and so much more!

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: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k362k

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

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671963

* 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
Vincent L. Triggs Elementary School Primary Regular 761 40 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Vincent L. Triggs Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,623
Property Tax -$370
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$191

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.

$439,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$17,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,1003$2,1504$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 3249 North Perching Bird Lane North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.63
    •  
  • 7038 Pink Flamingos Place North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
  • 3625 Pelican Brief Lane North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.68
    •  
  • 6229 Olympic Gold Street North Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2004
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 7129 Bluebird Wing Street North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,278 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,278 Sqft ∙ Built 2007
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jillene Roundy
1.702.526.0058
Monticello Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253940
Last Updated: 12/10/2020
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