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3720 Fisherking Drive Las Vegas, NV 89129

6 Beds 2 Baths 3,417 sqft Built 1997

$429,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $125.81
  • 3 Days on Market
  • MLS # : 2243842
  • Updated Date : 11/13/2020 at 09:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,417 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Spacious America West 2 story home includes 5 bedrooms upstairs & 1 downstairs, on a sizable lot. Convenient Northwest location walking distance from park. NO HOA! Plantation shutters! Two Fireplaces! The kitchen has granite countertops as well as a large island, double oven, stainless steel appliances and plenty of cabinet space. Vaulted ceiling & spiral staircase greet you upon entering. The large primary bedroom suite comes with a master bath that has a separate shower/tub, built-in wall safe and walk-in closet with custom built-in shelves. 3 car garage with one garage converted into a bedroom.

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: 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,586
Property Tax -$322
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
$110

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.

$429,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$44,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,187

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9993$2,2304$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 3720 Fisherking Drive Las Vegas, NV 3
    • 6 beds 2 baths ∙ 3,417 Sqft ∙ Built 1997 6 beds 2 baths ∙ 3,417 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.65
    •  
  • 3712 Deer Flats Street Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,215 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,215 Sqft ∙ Built 1997
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 3825 White Castle Street Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,417 Sqft ∙ Built 1999 5 beds 2 baths ∙ 3,417 Sqft ∙ Built 1999
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.59
    •  
  • 9043 Claretta Drive #n/a Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,386 Sqft ∙ Built 1995 5 beds 2 baths ∙ 3,386 Sqft ∙ Built 1995
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 8991 Sidebrook Court Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,387 Sqft ∙ Built 1996 5 beds 2 baths ∙ 3,387 Sqft ∙ Built 1996
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.68
    •  
PROPERTY LISTING DETAILS
Nicole Maroe
1.702.303.8243
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243842
Last Updated: 11/13/2020
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