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3809 San Angelo Avenue Las Vegas, NV 89102

3 Beds 1 Baths 1,798 sqft Built 1963

$339,990

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $189.09
  • 3 Days on Market
  • MLS # : 2262150
  • Updated Date : 01/16/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,798 sqft
  • Baths : 1 full
Listing Agent

Motion Properties

Listing Agent's Description

GORGEOUS COMPLETELY UPDATED VINTAGE VEGAS HOME! NO HOA, 3 beds, 2 baths, 2 car garage, features mature palm landscaping, COZY gas fireplace and SPARKLING POOL! RENOVATED with NEW carpet, tile and wood laminate flooring, GRANITE countertops, CUSTOM tile backsplash, STAINLESS STEEL appliances, CUSTOM tile shower/tub surrounds, DESIGNER bath lighting/plumbing fixtures, FRESH pain inside and out! Make an offer TODAY!

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

Zip Code: 89102

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Zip Code: 89102

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Vegas Verdes Elementary School Primary Regular 543 25 8
James Cashman Middle School Middle Magnet 1,601 61 NA
Ed W. Clark High School High Magnet 3,066 129 7

Vegas Verdes Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 25
8
GreatSchools Rating

James Cashman Middle School

  • Education Level: Middle
  • # of students: 1,601
  • # of teachers: 61
NA
GreatSchools Rating

Ed W. Clark High School

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

$305,991$373,989$339,990

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,181
Property Tax -$123
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$115

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.

$339,990

PROJECTED PRICE

$1,600

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,847

INVESTMENT

$95,847

Down Payment
$84,998
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,998
Loan Amount $254,993
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$31,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,6004$1,7755$1,850
$1,850
RENT COMPS ANALYSIS
  • 3809 San Angelo Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,798 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,798 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 4109 Via Olivero Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,625 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,625 Sqft ∙ Built 1961
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 3412 Calle De Corrida Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1977
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 3800 San Angelo Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1963
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
  • 3412 El Cortez Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1973
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
PROPERTY LISTING DETAILS
Michael Desilva
1.702.812.3206
Motion Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262150
Last Updated: 01/16/2021
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