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3805 Marsh Sparrow Lane North Las Vegas, NV 89084

4 Beds 5 Baths 3,635 sqft Built 2005

INVESTimate

$537,000

List Price

$2,560

$2,310 - $2,810

Rent Est.

$576,899  ( +7.43%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $147.73
  • 9 Days on Market
  • MLS # : 2222662
  • Updated Date : 08/24/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,635 sqft
  • Baths : 4 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Amazing Home in Premier Guard Gated Club Aliante. SID IS PAID OFF!! 11,326 Sq. Ft. Corner Lot, 2 New AC Units -One 5 Ton & One 3.5 Ton -Both High End Efficiency, New Hot Water Heater, New Garage Door Opener, New Variable Speed High Efficiency Pool Pump, New Pool Heater - 1 yr. This Beautiful 2 Story Home Has a 54'x16' Heated Pool with Waterfall & Spillover Bowls. Interior of Home has Vaulted Ceilings, Gorgeous Wood Floors & Wood Shutters Throughout, Ceiling Fans w/Lights, Beautiful Open Railing on Stairs & From Loft Overlooking the Family Room. Gas Fireplace, Kitchen w/Breakfast Bar, Stainless Steel Appliances Including Double Ovens. Master Bath has Dual Counters, Make Up Table, Modern Walk-in Shower w/o Door, Large Tub, Huge Walk-in Closet, Modern Neutral Tile with Appearance of Stone, 4 Full Baths w/Modern Finishes, 3 Car Garage, Courtyard at Front of House, Security Door too!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Club Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k539k

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

Neighborhood: Club Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9672489

* 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
Vincent L. Triggs Elementary School Primary Regular 761 40 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Vincent L. Triggs Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$483,300$590,700$537,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,981
Property Tax -$480
Property Insurance -$98
HOA -$180
Property Management Fees -$119
CASH FLOW
-$297

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.

$537,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.43%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,055

INVESTMENT

$148,055

Down Payment
$134,250
Rehab Estimate
$5,750
Closing Costs
$8,055

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,250
Loan Amount $402,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$13,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,563

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5603$2,6004$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 3805 Marsh Sparrow Lane North Las Vegas, NV 2
    • 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.70
    •  
  • 7412 Redbreast Court North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2005
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.64
    •  
  • 7408 Redbreast Court North Las Vegas, NV 3
    • 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 7405 Bugler Swan Way North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.72
    •  
  • 7228 Night Heron North Las Vegas, NV 5
    • 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.74
    •  
PROPERTY LISTING DETAILS
Elizabeth A Moreau
1.702.497.9952
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222662
Last Updated: 08/24/2020
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