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384 Trailing Putt Way Las Vegas, NV 89148

3 Beds 3 Baths 1,714 sqft Built 2008

$325,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $189.61
  • 3 Days on Market
  • MLS # : 2248061
  • Updated Date : 11/13/2020 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full , 1 half
Listing Agent

Faranesh Real Estate

Listing Agent's Description

Beautiful 3 bedroom house in Rhodes Ranch at the end of a cul-de-sac. Kitchen features custom cabinets, granite counter-tops, breakfast bar/nook, and pantry. Spacious living room with ceiling fan. All bedrooms upstairs with separate loft area. Master bathroom with ceiling fan and walk in closet. Master bath features double sink and separate tub/shower. Separate laundry room. Laminate wood flooring throughout downstairs with carpet upstairs. Community features clubhouse, pool/spa, golf course, exercise room and guard gated. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,199
Property Tax -$220
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$128

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.

$325,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$14,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,6003$1,6154$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 384 Trailing Putt Way Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.86
    •  
  • 365 Fringe Ruff Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 352 Ladies Tee Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 2008
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.88
    •  
  • 303 Ladies Tee Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 2008
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.89
    •  
  • 330 Fringe Ruff Drive #00 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2009
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Wasim Faranesh
1.702.610.6356
Faranesh Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248061
Last Updated: 11/13/2020
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