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3812 Specula Wing Drive North Las Vegas, NV 89084

4 Beds 5 Baths 3,635 sqft Built 2005

$519,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

$143,285

Investment Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $142.78
  • 7 Days on Market
  • MLS # : 2261068
  • Updated Date : 01/18/2021 at 21:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,635 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Vip

Listing Agent's Description

Designer touches throughout this guard-gated Club Aliante home! From the front gated courtyard and vaulted ceiling entry, the inviting floorplan flows from the living room to the great room with a gourmet kitchen including an island with sink and breakfast bar, stainless steel appliances, 5 burner cooktop, and double ovens. Primary bedroom downstairs with large walk-in closet, dual sinks, walk-in shower and separate garden tub. Upstairs features a large loft overlooking the downstairs great room, 3 bedrooms each with baths and walk-in closets, and an oversized laundry room with cabinets and sink. The backyard leads to a large covered patio. Community amenities include roving security, pool, spa, exercise room, basketball court, tot lot, tennis courts, meeting rooms with kitchen.

SEE MORE

MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: 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
 

FINANCIALS

Learn how to read this

$467,100$570,900$519,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,803
Property Tax -$440
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
$101

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.

$519,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$1.8M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment		 $129,750
Rehab Estimate		 $5,750
Closing Costs		 $7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,803

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$42,172

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

  • $2,681

    COMP ESTIMATED VALUE

  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,5953$2,6004$2,7005$2,949
$2,949
RENT COMPS ANALYSIS
  • 3812 Specula Wing Drive North Las Vegas, NV 1
    • 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
    •  
  • 7376 Summer Duck Way North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.70
    •  
  • 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
    •  
  • 7228 Night Heron North Las Vegas, NV 4
    • 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
    •  
  • 7381 Summer Duck Way North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,732 Sqft ∙ Built 2006
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,949
    • $0.79
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Mary Preheim
1.702.625.3256
Keller Williams Vip
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261068
Last Updated: 01/18/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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