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3409 White Bark Pine Street Las Vegas, NV 89129

5 Beds 3 Baths 3,531 sqft Built 2000

$485,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $137.35
  • 15 Days on Market
  • MLS # : 2242302
  • Updated Date : 11/07/2020 at 14:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,531 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

Check out this amazing 4 bedroom home with an office and a den, plenty of room for a home office and/or schooling. Gated community includes pool, spa, basketball court, BBQ area, clubhouse, gym, recreation area and more. Home features granite counters, large island, 3 ovens (YES), stainless steel appliances, courtyard entry, private back yard, fireplace and so much more. This goes to the top of your must see list.

SEE MORE

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: Timberline

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $119k574k

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

Neighborhood: Timberline

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10762495

* 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
Eileen Conners Elementary School Primary Regular 797 43 8
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Eileen Conners Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 43
8
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,789
Property Tax -$359
Property Insurance -$96
Property Management Fees -$119
CASH FLOW
$337

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.

$485,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$76,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,781

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,7003$2,7504$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 3409 White Bark Pine Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,531 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,531 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.76
    •  
  • 10120 Coluter Pine Avenue Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,531 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,531 Sqft ∙ Built 2001
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.73
    •  
  • 4046 Laurel Flat Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
  • 10432 Holloway Heights Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
  • 3400 Lacebark Pine Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2001
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
PROPERTY LISTING DETAILS
David B Martin
1.702.245.3360
Keller Williams Realty Sw
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242302
Last Updated: 11/07/2020
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