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336 Duchess Avenue Las Vegas, NV 89030

4 Beds 2 Baths 1,152 sqft Built 1971

$235,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $203.99
  • 5 Days on Market
  • MLS # : 2244617
  • Updated Date : 11/04/2020 at 22:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

Nationwide Realty Llc

Listing Agent's Description

NO HOA!!!- KITCHEN GRANITE COUNTER TOPS, PLENTY OF CABINET SPACE AND DINING AREA. 4 BEDROOMS W/CEILING FANS, GOOD SIZE CLOSETS & SHARED WONDERFUL REMODELED BATHROOM WITH BEAUTIFUL TILE FLOORING, LARGE MASTER WITH BATH SHOWER ONLY & TILE FLOORING – LOW MAINTENANCE DESERT LANDSCAPE REALLY COMPLETES THIS BEAUTIFUL HOME. HURRY - A MUST SEE

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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: Regal Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $64k296k

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

Neighborhood: Regal Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7851603

* 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
Jo Mackey Elementary School Primary Magnet 561 32 9
West Preparatory Instititute School For Academic Excellence Middle Regular 1,353 64 7
West Preparatory Instititute School For Academic Excellence High Regular 1,353 64 7

Jo Mackey Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 32
9
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: High
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$867
Property Tax -$87
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$47

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.

$235,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$22,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $950

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$1,0503$1,1704$1,1755$1,195
$1,195
RENT COMPS ANALYSIS
  • 336 Duchess Avenue Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.02
    •  
  • 2601 Commerce Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1971
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.85
    •  
  • 1036 Miller Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.80
    •  
  • 1936 Lawry Avenue North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1964
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.80
    •  
  • 2212 Wayne Way North Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1964
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mia D'alexis
1.702.862.9675
Nationwide Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244617
Last Updated: 11/04/2020
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