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3366 Blue Ash Lane Las Vegas, NV 89122

2 Beds 2 Baths 1,223 sqft Built 2001

$269,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $219.95
  • 5 Days on Market
  • MLS # : 2248163
  • Updated Date : 11/19/2020 at 11:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,223 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

***SUPER CUTE & COZY!*** SINGLE STORY HOMES ONLY IN THIS QUIET & PRIVATE NEIGHBORHOOD!*** 2 BEDS, 2 BATHS, 2 CAR GARAGE NESTLED IN RESORT SYLE STALLION MOUNTAIN GATED COMMUNITY!***LOTS OF CURB APPEAL WITH A COURTYARD ENTRY! THIS HOME SHOWCASES A COMFORTABLE, OPEN LIVING SPACE INCLUDUNG SECURITY FRONT DOOR/ROLLADEN ELECTRONIC SHUTTERS, PLANTATION SHUTTERS, CEILING FANS AND TILE FLOORING THROUGHOUT. KITCHEN HAS MODERN G.E. STAINLESS STEEL APPLIANCES . LIVING ROOM HAS VAULTED CEILINGS WITH DINING ROOM. MASTER AND SECONDARY BEDROOM ARE A GREAT SIZE AND ARE SEPARATED. MASTER BATH HAS DOUBLE SINKS, LARGE SHOWER AND A WALK-IN CLOSET. PRIVATE FULLY FENCED, LOW MAINTENANCE DESERT LANDSCAPED BACKYARD W/COVERED PATIO/PAVERS & SYNTHETIC GRASS. GARAGE HAS EPOXY FLOORING/STORAGE & WATER SOFTENER/REVERSE OSMOSIS SYSTEM. HVAC IS 3 YRS NEW. WATER HEATER IS ALSO NEWER. THIS COMMUNITY HAS IT ALL INCLUDING OUTDOOR POOL, SPA, GYM, GOLF., PARKS, BARBECUE AREAS, WALKWAYS & ROAMING SECURITY . *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: Stallion Montain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k306k

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

Neighborhood: Stallion Montain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10071606

* 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
Hal Smith Elementary School Primary Regular 908 48 1
Kathleen And Tim Harney Middle School Middle Regular 1,845 71 NA
Chaparral High School High Regular 2,270 87 3

Hal Smith Elementary School

  • Education Level: Primary
  • # of students: 908
  • # of teachers: 48
1
GreatSchools Rating

Kathleen And Tim Harney Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 71
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$992
Property Tax -$169
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$211

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.

$269,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,113

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1203$1,1504$1,195
$1,195
RENT COMPS ANALYSIS
  • 3366 Blue Ash Lane Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,223 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,223 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.92
    •  
  • 3400 Cabana Drive #2063 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 2002
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.90
    •  
  • 2935 El Salto Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,248 Sqft ∙ Built 1982
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.92
    •  
  • 2802 Canonero Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lauren Woollard
1.702.510.7172
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248163
Last Updated: 11/19/2020
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