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3444 Molinos Drive Las Vegas, NV 89141

3 Beds 3 Baths 2,323 sqft Built 2019

$588,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $253.51
  • 2 Days on Market
  • MLS # : 2255307
  • Updated Date : 12/12/2020 at 11:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,323 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas One Realty

Listing Agent's Description

~This single story house sits in a nice quiet Cul-De-Sac~ Beautiful three bedroom w/large covered patio~ Nice open floor plan that you will just love as soon as you walk into the house~ Stainless Steel Kitchen Appliances~ Large counter/breakfast nook~ Primary bedroom has a walk in closet~ Spa shower w/seat & two shower heads & separate Garden tub~ You will have complete access to the community pool and all the amenities that come with this sub division~ Get out and see this GEM right away so you can be lucky enough to call this your HOME!!~ it will not be listed or available for very long!! ~

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$530,010$647,790$588,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,173
Property Tax -$409
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$623

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$588,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 3.00%
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-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,059

INVESTMENT

$158,059

Down Payment
$147,225
Rehab Estimate
$2,000
Closing Costs
$8,834

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,225
Loan Amount $441,675
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,317

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2953$2,4004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3444 Molinos Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.93
    •  
  • 12818 Slipknot Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 2018
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 12847 Slipknot Street Las Vegas, NV 3
    • 3 beds 4 baths ∙ 2,390 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,390 Sqft ∙ Built 2019
    property image
    LEASED 11/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 12497 Mosticone Way Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2018
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 12805 Alcores Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 2018
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
PROPERTY LISTING DETAILS
Alyssa A Ginoulias
1.702.379.2218
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255307
Last Updated: 12/12/2020
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