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3660 Via Segundo Avenue Las Vegas, NV 89115

3 Beds 3 Baths 1,591 sqft Built 2019

$259,990

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $163.41
  • 2 Days on Market
  • MLS # : 2243975
  • Updated Date : 11/02/2020 at 14:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,591 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

WOW! This beautiful 2 story open floor, with a loft, is only 1 year old...it's like new! Features include: Stainless Steel kitchen Appliances, Washer & Dryer upstairs, Water Filter. Upgraded Kitchen Island. Ceiling Fans in every room. Private low maintenance backyard with concrete patio and turf and ample room for entertaining and playing. Finished 2 car garage with Epoxy floor. Tankless Water Heater. Hurry and show this one today!

SEE MORE

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Manuele J. Cortez Elementary School Primary Regular 871 44 4
Mario C And Joanne Monaco Middle School Middle Regular 1,426 53 NA
Desert Pines High School High Regular 2,279 99 1

Manuele J. Cortez Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 44
4
GreatSchools Rating

Mario C And Joanne Monaco Middle School

  • Education Level: Middle
  • # of students: 1,426
  • # of teachers: 53
NA
GreatSchools Rating

Desert Pines High School

  • Education Level: High
  • # of students: 2,279
  • # of teachers: 99
1
GreatSchools Rating
 

$233,991$285,989$259,990

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$959
Property Tax -$207
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$137

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$259,990

PROJECTED PRICE

$1,480

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 3.00%
Vacancy 8.50%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,897

INVESTMENT

$70,897

Down Payment
$64,998
Rehab Estimate
$2,000
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,998
Loan Amount $194,993
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$34,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,281

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2753$1,2754$1,3455$1,480
$1,480
RENT COMPS ANALYSIS
  • 3660 Via Segundo Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.93
    •  
  • 3685 Karissa Heights Place Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,482 Sqft ∙ Built 2011
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.81
    •  
  • 1832 Luna Alegre Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 2007
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.79
    •  
  • 1988 Salvation Street Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.79
    •  
  • 1880 Vida Pacifica Street #0 Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 2007
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rafael Aguilar
1.702.655.2450
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243975
Last Updated: 11/02/2020
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