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3424 Sweeping Valley Street Las Vegas, NV 89129

2 Beds 3 Baths 1,944 sqft Built 2000

$412,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $211.93
  • 3 Days on Market
  • MLS # : 2279838
  • Updated Date : 03/19/2021 at 22:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,944 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

MOUNTAN VIEWS!ENJOY THE FRONT PORCH W/MOUNTAIN VIEWS!THIS HOME IS MOVE IN READY!THE LIVING & DINING ROOMS HAVE ENGINEERED FLOORING,A CEILING FAN & RECESSED LIGHTING.THE DEN HAS A DOUBLE GLASS DOOR ENTRY,A BUILT IN MURPHY BED,CABINETS,& SHELVING,CERAMIC FLOORING & CEILING FAN W/LIGHT.THE WALK WAYS,KITCHEN,FAMILY ROOM & BATHS HAVE CERAMIC FLOORING.YOU WILL LOVE THE GRANITE IN THE KITCHEN W/PLENTY OF CABINET SPACE & BLANCO SINK.A FRENCH DOOR TO THE POOL SIZED BACKYARD W/LARGE COVERED PATIO.NO HOME BEHIND & MORE AMAZING MOUNTAIN VIEWS.THE PRIMARY BEDROOM HAS A DOUBLE DOOR ENTRY & IS SEPARATE FROM THE OTHER ROOMS.IT INCLUDES A GREAT WALK IN CLOSET & CEILING FAN W/LIGHT. THE PRIMARY BATH SINKS ARE SEPARATE ONE HAS A VANITY.THERE IS A LARGE WALK IN UPGRADED SHOWER & ROMAN TUB.THERE IS A 1/2 & FULL BATH FOR ALL YOUR GUESTS NEEDS.THE 2ND BEDROOM IS PRIVATE AT THE END OF THE HALL.THE LAUNDRY ROOM HAS A SINK & UPPER CABINETS.EVEN THE GARAGE W/EPOXY FLOORING IS CLEAN.WALKING DISTANCE TO FACILITIES

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cheyenne Hualapai

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Cheyenne Hualapai

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
 

$370,800$453,200$412,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,431
Property Tax -$289
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$53

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.

$412,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,930

INVESTMENT

$114,930

Down Payment
$103,000
Rehab Estimate
$5,750
Closing Costs
$6,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,000
Loan Amount $309,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7504$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 3424 Sweeping Valley Street Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,944 Sqft ∙ Built 2000 2 beds 3 baths ∙ 1,944 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 8702 Harwich Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,621 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,621 Sqft ∙ Built 1996
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 9836 Villa Ridge Drive Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,799 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,799 Sqft ∙ Built 1995
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 10005 Netherton Drive Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,871 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,871 Sqft ∙ Built 1994
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 2825 Castle Bar Drive Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,992 Sqft ∙ Built 1991 2 beds 1 baths ∙ 1,992 Sqft ∙ Built 1991
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
PROPERTY LISTING DETAILS
Joan M Kilton
1.702.372.8540
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279838
Last Updated: 03/19/2021
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