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3335 Rawhide Las Vegas, NV 89120

5 Beds 2 Baths 4,387 sqft Built 2004

INVESTimate

$750,000

List Price

$4,490

$4,240 - $4,740

Rent Est.

$820,275  ( +9.37%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $170.96
  • 84 Days on Market
  • MLS # : 2201747
  • Updated Date : 08/21/2020 at 09:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,387 sqft
  • Baths : 1 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

SUPER RARE ONE STORY HALF ACRE RV PARKING AND 2ND HOUSE ON LOT! Beautiful entry way leads you to nice open floor plan. Gourmet kitchen with stunning granite and upgraded cabinets. Take a stroll out back to your own mini park chef bbq fire place custom patio with lush trees and full separate second home! Master is your own mini penthouse with spa like master bath room. Multiple masters in home. GREAT FOR NEXT GEN OR ASSISTED LIVING BEST IN CLASS

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Doris French Elementary School Primary Regular 447 25 8
Helen C. Cannon Middle School Middle Regular 867 39 NA
Del Sol High School High Regular 2,051 73 2

Doris French Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 25
8
GreatSchools Rating

Helen C. Cannon Middle School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 39
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$4,041$4,939$4,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,490
EXPENSES Loan Payment -$2,767
Property Tax -$687
Property Insurance -$112
HOA -$120
Property Management Fees -$119
CASH FLOW
$685

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.

$750,000

PROJECTED PRICE

$4,490

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.37%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$133,491

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,490

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $4,870

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$4,490
1$4,4902$4,500
$4,500
RENT COMPS ANALYSIS
  • 3335 Rawhide Las Vegas, NV 1
    • 5 beds 2 baths ∙ 4,387 Sqft ∙ Built 2004 5 beds 2 baths ∙ 4,387 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,490
    • $1.02
    •  
  • 3540 Five Pennies Lane Las Vegas, NV 2
    • 4 beds 3 baths ∙ 4,062 Sqft ∙ Built 1996 4 beds 3 baths ∙ 4,062 Sqft ∙ Built 1996
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Steve P Hawks
1.702.617.4637
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2201747
Last Updated: 08/21/2020
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