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3899 Montone Avenue Las Vegas, NV 89141

4 Beds 4 Baths 2,628 sqft Built 2018

$649,900

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $247.30
  • 4 Days on Market
  • MLS # : 2265008
  • Updated Date : 01/30/2021 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,628 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Tom Love Group Llc

Listing Agent's Description

Almost new single story minutes from Raiders stadium and and under 4 miles to Raiders headquarters practice facility. Highly upgraded with crown molding throughout, tile floors, & plush carpeting. Home features an interior courtyard with large stacking doors. Spacious and open concept floor plan w/10 ft ceilings and custom built-ins throughout. Designer tile accents throughout including the fireplace and powder room. Spacious 4th bedroom with en-suite bath and large walk-in closet. Chefs kitchen with plenty of custom cabinets, granite counters, and a large island perfect for entertaining. Relaxing master suite with exterior door to covered patio, dual walk-in closet, and spa-like master bath. Great location close to shopping, restaurants, highway access.

SEE MORE

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,257
Property Tax -$498
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$267

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.

$649,900

PROJECTED PRICE

$3,220

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$68,354

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,595

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,6005$3,220
$3,220
RENT COMPS ANALYSIS
  • 3899 Montone Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.23
    •  
  • 12239 Pro Tour Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2018
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 12497 Mosticone Way Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2018
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 12402 Mosticone Way Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,638 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,638 Sqft ∙ Built 2016
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 12805 Alcores Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 2018
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
PROPERTY LISTING DETAILS
Thomas J Love
1.702.838.5100
The Tom Love Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265008
Last Updated: 01/30/2021
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