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3705 Treasure Bluff Court Las Vegas, NV 89129

4 Beds 3 Baths 3,215 sqft Built 1996

$475,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $147.74
  • 3 Days on Market
  • MLS # : 2273425
  • Updated Date : 02/27/2021 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,215 sqft
  • Baths : 3 full
Listing Agent

Advanced Realty Group

Listing Agent's Description

BEAUTIFULLY MAINTAINED HOME in cul de sac , no HOA. High efficiency HVAC units, Nest door bell and thermostats, 3 car garage, Enter into Separate Formal Living & Dining, Beautifully-Equipped Kitchen ,stainless steal appliances, Plenty of Cabinets, double ovens , 5 burner cooktop, Overlooks the Suken Great Room w/ stone fire place, high vaulted ceilings, French doors leading to the back yard, off the great room is the den/ office and laundryroom ,and full bath. Upstairs, stain resistance carpet, 3 large bedrooms, full bath, Master suite with walk in closet 2 way fireplace and newly renovated master bath w/ vintage style soaking tub. This is a must see!!

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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,650
Property Tax -$322
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
$190

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.

$475,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$48,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,363

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3003$2,3004$2,3705$2,700
$2,700
RENT COMPS ANALYSIS
  • 3705 Treasure Bluff Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,215 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,215 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.74
    •  
  • 3696 Ferndale Cove Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 8951 Fort Crestwood Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
  • 8302 Bowman Woods Circle Las Vegas, NV 3
    • 3 beds 4 baths ∙ 3,112 Sqft ∙ Built 2007 3 beds 4 baths ∙ 3,112 Sqft ∙ Built 2007
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
  • 3657 Carol Lark Court Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rebecca R Dycus
1.702.274.0900
Advanced Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273425
Last Updated: 02/27/2021
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