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3775 Duneville Street Las Vegas, NV 89103

4 Beds 2 Baths 2,128 sqft Built 1978

$395,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $185.62
  • 1 Days on Market
  • MLS # : 2314089
  • Updated Date : 07/13/2021 at 19:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 2 full
Listing Agent

Star 7

Listing Agent's Description

NO HOA, Nice convenient central location with a big lot! A possibility to park a trailer on the side of house. A bedroom on a 1st floor with a 3/4 bathroom.

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: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k317k

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

Neighborhood: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651625

* 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
C.h. Decker Elementary School Primary Regular 698 36 3
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

C.h. Decker Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 36
3
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,372
Property Tax -$178
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$413

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.

$395,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.3%
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$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

10.92

YEARS SAVED

$65,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,149

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,985
1$1,9852$2,1003$2,1504$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3775 Duneville Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 3975 Duneville Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1990
    LEASED 03/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.91
    •  
  • 3977 Topawa Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1981
    LEASED 04/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 5195 Ganado Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1979
    LEASED 04/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 3830 Leisure Lane Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1984
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kum Park
1.702.493.2477
Star 7
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314089
Last Updated: 07/13/2021
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