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3908 El Jardin Avenue Las Vegas, NV 89102

4 Beds 2 Baths 1,543 sqft Built 1963

$379,999

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $246.27
  • 3 Days on Market
  • MLS # : 2279392
  • Updated Date : 03/21/2021 at 04:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,543 sqft
  • Baths : 2 full
Listing Agent

Resolution Realty

Listing Agent's Description

Completely remodeled single story stunner pool home in the heart of the city! 4 Bedroom, 2 full bath!! Beautiful entertainers backyard with covered patio and remote access to 4th bedroom. Convenient storage shed, grass area, mature trees and landscape provides a lovely green space. Kitchen is remodeled and modern esthetic with granite throughout. ///No HOA/// New Pool equipment and HVAC system/// Large open living space with tile, 2 car garage, and close to freeway and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Hyde Park Middle School Middle Magnet 1,699 69 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

Hyde Park Middle School

  • Education Level: Middle
  • # of students: 1,699
  • # of teachers: 69
NA
GreatSchools Rating

Ed W. Clark High School

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

$341,999$417,999$379,999

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,320
Property Tax -$124
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$80

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.

$379,999

PROJECTED PRICE

$1,540

PROJECTED RENT

0.41%

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

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $284,999
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5403$1,6004$1,6005$1,725
$1,725
RENT COMPS ANALYSIS
  • 3908 El Jardin Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.00
    •  
  • 4208 El Camino Avenue Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,504 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,504 Sqft ∙ Built 1960
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 4300 Via Olivero Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1960
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 3421 El Camino Real Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1963
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 3904 El Parque Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1963
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.19
    •  
PROPERTY LISTING DETAILS
Alyson E Wolfe
1.909.952.4977
Resolution Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279392
Last Updated: 03/21/2021
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