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3434 Dapple Drive North Las Vegas, NV 89032

5 Beds 3 Baths 2,435 sqft Built 1995

INVESTimate

$329,999

List Price

$1,670

$1,503 - $1,837

Rent Est.

$366,761  ( +11.14%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $135.52
  • 2 Days on Market
  • MLS # : 2224852
  • Updated Date : 08/25/2020 at 23:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,435 sqft
  • Baths : 3 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

Welcome Home!!! Lovely 2 story hard to find 5 bedrooms, 3 baths, 3 car garage in Silverwood Ranch! Open & inviting with high vaulted ceiling entry to living area with built-in bar, dining area & family room. Featuring upgraded Kitchen with new cabinets, island & granite countertops. Newly finished backyard with desert landscaping & patio for relaxing. Conveniently located near shopping, dining, schools & much more. This home wont last long, schedule a showing appointment today & make an offer!

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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: Silverwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Silverwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9501603

* 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
 

$296,999$362,999$329,999

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,218
Property Tax -$233
Property Insurance -$74
HOA -$18
Property Management Fees -$119
CASH FLOW
$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$329,999

PROJECTED PRICE

$1,670

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.14%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,499
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4954$1,5005$1,775
$1,775
RENT COMPS ANALYSIS
  • 3434 Dapple Drive North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3031 Beaufort Court North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2002
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.66
    •  
  • 4716 Stable Way Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,089 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,089 Sqft ∙ Built 1998
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
  • 3425 Golden Sage Drive #0 North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1995
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 2512 Jubilance Point Court #n/a North Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,697 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,697 Sqft ∙ Built 2008
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.66
    •  
PROPERTY LISTING DETAILS
Nancy A Boone
1.702.513.1111
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224852
Last Updated: 08/25/2020
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