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3814 Stadium Avenue Las Vegas, NV 89120

3 Beds 3 Baths 2,340 sqft Built 2009

$399,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $170.90
  • 14 Days on Market
  • MLS # : 2256409
  • Updated Date : 01/01/2021 at 19:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,340 sqft
  • Baths : 2 full , 1 half
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Former model home w/ almost 2400 sqft that features awesome upgrades & nice curb appeal, plantation shutters, travertine marble floors, designer carpet, upgraded light fixtures, gourmet kitchen w/ gorgeous granite, ebony custom cabinets, GE appliances, under mount sink, under cabinet lighting. Upstairs loft features long entertainment center or tech desk plus a wet bar area with granite & custom built-in cabinet features room for a beverage station fridge. Master suite is stunning with double-sided fireplace that separates the master side from a cozy sitting room. An ensuite bath that is finished in beautiful granite surrounds throughout the garden tub and walk-in shower. Custom finished walk-in closet. Guest bedrooms are nice sized & separate from the master for privacy. A hard to find feature is a downstairs guest suite with full bathroom, plus a half bath for perfect entertaining. Nice size yard professionally finished w/ pavers & artificial grass & low maintenance landscaping.

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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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Nate Mack Elementary School Primary Regular 613 37 9
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Del Sol High School High Regular 2,051 73 2

Nate Mack Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 37
9
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,475
Property Tax -$257
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$6

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.

$399,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$32,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9303$1,9954$2,0005$2,300
$2,300
RENT COMPS ANALYSIS
  • 3814 Stadium Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.82
    •  
  • 6631 Angelina Street Henderson, NV 1
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2018
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 3665 Lily Haven Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2005
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 6623 Angelina Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2017
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 5888 S Pecos Road Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1992
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Dulcie Crawford
1.702.505.2775
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256409
Last Updated: 01/01/2021
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