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3665 San Antonio Avenue Las Vegas, NV 89115

3 Beds 1 Baths 1,356 sqft Built 1963

$205,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $151.18
  • 6 Days on Market
  • MLS # : 2247384
  • Updated Date : 11/12/2020 at 11:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,356 sqft
  • Baths : 1 full
Listing Agent

The Pmg Realty Company Llc

Listing Agent's Description

GREAT INVESTMENT!!! ONE STORY HOME WITH WOOD LAMINATE FLOORING THROUGHOUT,STAINLESS STEEL APPLIANCES,SKYLIGHT IN THE KITCHEN AND MASTER BEDROOM,FRENCH DOORS TO BACKYARD, NEW ROOF AND WINDOWS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Los Cerritos Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $65k296k

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

Neighborhood: Los Cerritos Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7871603

* 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
Fay Herron Elementary School Primary Regular 902 53 8
Ed Von Tobel Middle School Middle Regular 1,189 51 NA
Sunrise Mountain High School High Regular 2,526 113 2

Fay Herron Elementary School

  • Education Level: Primary
  • # of students: 902
  • # of teachers: 53
8
GreatSchools Rating

Ed Von Tobel Middle School

  • Education Level: Middle
  • # of students: 1,189
  • # of teachers: 51
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$756
Property Tax -$83
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$68

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.

$205,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.6%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$21,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,105

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9953$1,0504$1,0805$1,200
$1,200
RENT COMPS ANALYSIS
  • 3665 San Antonio Avenue Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,356 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,356 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.80
    •  
  • 2601 Webster Street North Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1955
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.79
    •  
  • 3700 Nelson Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.83
    •  
  • 2724 Salt Lake Street North Las Vegas, NV 3
    • 4 beds 1 baths ∙ 1,391 Sqft ∙ Built 1954 4 beds 1 baths ∙ 1,391 Sqft ∙ Built 1954
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.75
    •  
  • 3721 Sarita Avenue North Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,344 Sqft ∙ Built 1971
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Hazel S Simon
1.702.526.5506
The Pmg Realty Company Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247384
Last Updated: 11/12/2020
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