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3356 Saddlebrook Street Las Vegas, NV 89141

3 Beds 4 Baths 3,220 sqft Built 2004

$1,349,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $418.94
  • 5 Days on Market
  • MLS # : 2274519
  • Updated Date : 03/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,220 sqft
  • Baths : 3 full , 1 half
Listing Agent

Southern Highlands Realty Corp

Listing Agent's Description

Exquisite Golf Villa located in Southern Highlands Golf Club with a very private oversized lot with pool and spa. This home is beautifully decorated and is being offered Fully Furnished. Master Suite located on the Main Floor includes a fireplace and French doors that leads to the backyard. Tons of Upgrades incl. Wolf Appl, Cust. Built-ins, 4 fireplaces, Wood Flooring, Granite Counters & Garage Epoxy flooring. Built in office suite with French Doors leading to side yard. Attached upstairs Casita w/ separate entry complete w/ full bath & wet bar. NOTICE-3rd Bdrm/casita does not have a functioning clothes closet as it has been turned into a media center.

SEE MORE

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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$4,686
Property Tax -$576
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$2,340

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.

$1,349,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,686

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,681

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5904$2,6955$3,130
$3,130
RENT COMPS ANALYSIS
  • 3356 Saddlebrook Street Las Vegas, NV 5
    • 3 beds 4 baths ∙ 3,220 Sqft ∙ Built 2004 3 beds 4 baths ∙ 3,220 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $0.97
    •  
  • 3528 Cupecoy Point Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,133 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,133 Sqft ∙ Built 2004
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
  • 11513 Flagwood Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,968 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,968 Sqft ∙ Built 2014
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 11478 Bargetto Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.83
    •  
  • 3403 Arcata Point Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,133 Sqft ∙ Built 2004
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mitchell C Mcclellan
1.702.616.2500
Southern Highlands Realty Corp
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2274519
Last Updated: 03/06/2021
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