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3806 Haddock Avenue Las Vegas, NV 89115

4 Beds 2 Baths 1,144 sqft Built 1971

$239,500

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $209.35
  • 3 Days on Market
  • MLS # : 2269767
  • Updated Date : 02/12/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,144 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Americana

Listing Agent's Description

THIS IS A GREAT ESTARTER HOME WITH 4 BEDROOMS 2 BATH , GOOD SIZE LOT , VERY NICE FINISH CARPORT , NEWER STUCCO THROUGHOUT , NEWER DOUBLE PANE WINDOWS , CEILING FANS IN ALL BEDROOMS , TILE FLOORING AND MORE .

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: 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
Fay Herron Elementary School Primary Regular 902 53 8
Ed Von Tobel Middle School Middle Regular 1,189 51 NA
Sunrise Mountain High School High Regular 2,526 113 2

Fay Herron Elementary School

  • Education Level: Primary
  • # of students: 902
  • # of teachers: 53
8
GreatSchools Rating

Ed Von Tobel Middle School

  • Education Level: Middle
  • # of students: 1,189
  • # of teachers: 51
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

$215,550$263,450$239,500

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$832
Property Tax -$79
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
-$49

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.

$239,500

PROJECTED PRICE

$1,030

PROJECTED RENT

0.43%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,218

INVESTMENT

$69,218

Down Payment
$59,875
Rehab Estimate
$5,750
Closing Costs
$3,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$832

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,875
Loan Amount $179,625
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,030

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $990

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0303$1,0954$1,2005$1,200
$1,200
RENT COMPS ANALYSIS
  • 3806 Haddock Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.90
    •  
  • 3700 Nelson Avenue Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.83
    •  
  • 3769 Carlyle Drive #68 Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1984
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.88
    •  
  • 3721 Sarita Avenue North Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,344 Sqft ∙ Built 1971
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 2723 Reynolds Las Vegas, NV 5
    • 4 beds 1 baths ∙ 1,395 Sqft ∙ Built 1955 4 beds 1 baths ∙ 1,395 Sqft ∙ Built 1955
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
PROPERTY LISTING DETAILS
Danilo Colunga
1.702.630.8399
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269767
Last Updated: 02/12/2021
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