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3777 Hollycroft Drive North Las Vegas, NV 89081

4 Beds 2 Baths 1,906 sqft Built 2005

$303,333

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $159.15
  • 3 Days on Market
  • MLS # : 2249088
  • Updated Date : 11/21/2020 at 07:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

Wardley Real Estate

Listing Agent's Description

This home is priced to SELL!!! Gourmet kitchen with a country feel, and nicely upgraded with Stainless Steel appliances, granite, luxurious back splash and custom cabinets!!!. This home is turnkey and ready to move in, seller has outgrown the home and says to get it SOLD!!! All appliances stay with the home at a full price offer!! The oversized master bedroom has vaulted ceilings, is spacious and offers great natural lighting.. The spa like master bath features a garden style soaking tub, and plenty of space. Great guest suite downstairs, with 3/4 bath, super desirable and a must have feature in todays market. The backyard has a covered patio, and is great for indoor/outdoor living and entertaining friends and family! The yard both front and back are low maintenance, giving you more time to enjoy your home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunrise Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Sunrise Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9601603

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$273,000$333,666$303,333

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,119
Property Tax -$228
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$220

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.

$303,333

PROJECTED PRICE

$1,310

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,133

INVESTMENT

$86,133

Down Payment
$75,833
Rehab Estimate
$5,750
Closing Costs
$4,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,119

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,833
Loan Amount $227,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,406

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3753$1,4004$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 3777 Hollycroft Drive North Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.69
    •  
  • 3837 Hollycroft Drive #na North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2005
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 3821 Carisbrook North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,908 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,908 Sqft ∙ Built 2005
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 3781 Carisbrook Drive #na Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2005
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 3725 Stowe Creek Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
PROPERTY LISTING DETAILS
Tracy Winkelman
1.831.430.6005
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249088
Last Updated: 11/21/2020
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