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

3405 Bonn Court Las Vegas, NV 89130

4 Beds 3 Baths 2,213 sqft Built 1997

$479,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $216.45
  • 3 Days on Market
  • MLS # : 2269864
  • Updated Date : 02/13/2021 at 18:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,213 sqft
  • Baths : 3 full
Listing Agent

Orange Realty Group Llc

Listing Agent's Description

Just renovated single story custom home with new quartz countertops, stainless steel appliances, upgraded tiled showers and bath, gated backyard with pool/spa, outdoor shower, attached casita, and owned solar! This home has it all on a 1/3 acre lot, with lush landscaping and NO HOA! 2 car detached garage with RV parking space and more!

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: Elstner Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k355k

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

Neighborhood: Elstner Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10521636

* 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
Claude And Stella Parson Elementary School Primary Regular 452 26 3
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Claude And Stella Parson Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 26
3
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,664
Property Tax -$358
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$261

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.

$479,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.1%
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$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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$10,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,8504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3405 Bonn Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 5220 El Pescador Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2002
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 4404 Red Blanket Road North Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1997
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 3809 Sunking Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1998
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 3920 Biddle Street North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1995
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Wendy A Cherrington
1.808.216.3435
Orange Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269864
Last Updated: 02/13/2021
BESbswy