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

3413 Fledgling Drive North Las Vegas, NV 89084

4 Beds 5 Baths 3,635 sqft Built 2006

$539,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $148.28
  • 3 Days on Market
  • MLS # : 2264420
  • Updated Date : 01/31/2021 at 02:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,635 sqft
  • Baths : 4 full , 1 half
Listing Agent

Atlas Group

Listing Agent's Description

Beautiful 4 bedrooms 5 baths with a 3 car attached garage in Club Aliente. Master bedroom downstairs, new carpet through out. All bedrooms have their own bathrooms.. granite kitchen countertops, covered patio.. so many upgrades. Property has private pool and spa.. Enjoy the amenities of the community.. guard gated, pool, spa, basketball, tennis courts, playground and an exercise room.

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: Club Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k539k

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

Neighborhood: Club Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9672489

* 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
Vincent L. Triggs Elementary School Primary Regular 761 40 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Vincent L. Triggs Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,872
Property Tax -$465
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
-$93

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.

$539,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,481

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4603$2,4954$2,5955$2,595
$2,595
RENT COMPS ANALYSIS
  • 3413 Fledgling Drive North Las Vegas, NV 2
    • 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.68
    •  
  • 3709 Fledgling Drive North Las Vegas, NV 1
    • 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.66
    •  
  • 3504 Frigatebird Lane North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2007
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.67
    •  
  • 7304 Bugler Swan Way North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.70
    •  
  • 7376 Summer Duck Way North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.70
    •  
PROPERTY LISTING DETAILS
Rebecca Gallego
1.702.706.4833
Atlas Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264420
Last Updated: 01/31/2021
BESbswy