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3725 Hawaii Avenue Las Vegas, NV 89104

3 Beds 1 Baths 1,271 sqft Built 1963

$200,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $157.36
  • 2 Days on Market
  • MLS # : 2278509
  • Updated Date : 03/14/2021 at 01:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,271 sqft
  • Baths : 1 full
Listing Agent

Simply Vegas

Listing Agent's Description

Investors opportunity* 3 Bedroom with permitted enclosed patio/sun room* Pool is drained* Property is being sold in AS-IS condition* Fixer-upper

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: 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
Walter V. Long Elementary School Primary Regular 827 46 2
Jerome Mack Middle School Middle Regular 1,275 56 NA
Desert Pines High School High Regular 2,279 99 1

Walter V. Long Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 46
2
GreatSchools Rating

Jerome Mack Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 56
NA
GreatSchools Rating

Desert Pines High School

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

$180,000$220,000$200,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$695
Property Tax -$79
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$155

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.

$200,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.55%

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) 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

PROJECTED ANNUAL CASH FLOW

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

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$26,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,112

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1003$1,1004$1,1505$1,150
$1,150
RENT COMPS ANALYSIS
  • 3725 Hawaii Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,271 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,271 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.87
    •  
  • 3908 Montebello Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1973
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.92
    •  
  • 3612 Lighthouse Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1978
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 4237 Sunrise Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.86
    •  
  • 65 Lo Vista Place Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1964
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.83
    •  
PROPERTY LISTING DETAILS
Christine P Mcnaught
1.702.241.7990
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278509
Last Updated: 03/14/2021
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