Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3315 Ayita Circle Las Vegas, NV 89169

3 Beds 1 Baths 1,724 sqft Built 1962

$389,888

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $226.15
  • 6 Days on Market
  • MLS # : 2258033
  • Updated Date : 01/02/2021 at 00:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 1 full
Listing Agent

Homesmart Encore

Listing Agent's Description

Totally Remodeled and Absolutely Beautiful, no expense was spared in this remodel, it's Gorgeous with open & airy floor plan , remodeled kitchen with granite tops, pantry, stainless steel appliances, beautiful flooring, custom cabs, Large Living room with custom fireplace and double entry doors lead to rear yard paradise with pool, custom firepit, dog run, covered patio, new quality flooring throughout, Primary Bedroom retreat is huge with sitting room, custom walk in closet, double doors leading to rear yard, bathrooms both remodeled with gorgeous finishes, property located in great location next to historic Las Vegas National Golf Course, close to everything, your buyer will not be disappointed....

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: Paradise Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k301k

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

Neighborhood: Paradise Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651752

* 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
Ruby S. Thomas Elementary School Primary Regular 817 44 2
William E. Orr Middle School Middle Regular 933 36 NA
Valley High School High Magnet 2,826 123 2

Ruby S. Thomas Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 44
2
GreatSchools Rating

William E. Orr Middle School

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 36
NA
GreatSchools Rating

Valley High School

  • Education Level: High
  • # of students: 2,826
  • # of teachers: 123
2
GreatSchools Rating
 

$350,899$428,877$389,888

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,439
Property Tax -$157
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$125

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.

$389,888

PROJECTED PRICE

$1,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.6%
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

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$109,070

INVESTMENT

$109,070

Down Payment
$97,472
Rehab Estimate
$5,750
Closing Costs
$5,848

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,472
Loan Amount $292,416
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6004$1,6505$2,120
$2,120
RENT COMPS ANALYSIS
  • 3315 Ayita Circle Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,724 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,724 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 1553 Silver Mesa Way Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1964
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 3164 Silver Saddle Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1963
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 2163 Golden Arrow Drive Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,780 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,780 Sqft ∙ Built 1963
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 3328 Seneca Drive Las Vegas, NV 5
    • 4 beds 1 baths ∙ 1,720 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,720 Sqft ∙ Built 1962
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.23
    •  
PROPERTY LISTING DETAILS
John W Bostedt
1.702.526.6741
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258033
Last Updated: 01/02/2021
BESbswy