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

333 Harpers Ferry Avenue Las Vegas, NV 89148

4 Beds 2 Baths 2,952 sqft Built 2001

INVESTimate

$465,000

List Price

$2,100

$1,890 - $2,310

Rent Est.

$505,874  ( +8.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $157.52
  • 6 Days on Market
  • MLS # : 2223982
  • Updated Date : 08/22/2020 at 00:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,952 sqft
  • Baths : 2 full
Listing Agent

Rothwell Gornt Companies

Listing Agent's Description

SPECTACULAR GUARD GATED Rhodes Ranch HOME!! FEATURES 4 BEDROOMS, 2.5 BATHROOMS AND 3 CAR GARAGE. Brand NEW Flooring throughout!! BEAUTIFULLY UPGRADED!!FORMAL LIVING & DINING ROOMS W/VAULTED CEILINGS!!FAMILY ROOM W/GAS FIREPLACE CEILING FANS AND NEW WINDOW COVERINGS!! Open KITCHEN W/GRANITE COUNTERS,NOOK, Plenty OF CABINETS & BREAKFAST BAR,CEILING FANS T/O!! NEW PAINT AND CARPET* CONCRETE IN THE ENTIRE BACKYARD. THIS HOME IS GEORGOUS AND YOU WILL NOT BE DISAPPOINTED!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,716
Property Tax -$298
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$117

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.

$465,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$25,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,295

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0353$2,1004$2,3955$2,650
$2,650
RENT COMPS ANALYSIS
  • 333 Harpers Ferry Avenue Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,952 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,952 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 389 Falcons Fire Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2000
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.67
    •  
  • 210 Whitly Bay Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2001
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $0.71
    •  
  • 50 Sahalee Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 1998
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 284 Harpers Ferry Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2001
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.90
    •  
PROPERTY LISTING DETAILS
Nelson Huynh
1.702.751.4571
Rothwell Gornt Companies
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223982
Last Updated: 08/22/2020
BESbswy