Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3920 Rancho Niguel Parkway Las Vegas, NV 89147

3 Beds 3 Baths 2,333 sqft Built 1997

$500,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $214.32
  • 22 Days on Market
  • MLS # : 2239580
  • Updated Date : 10/31/2020 at 16:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,333 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

** NEWLY PAINTED INSIDE**. Guard gated. Beautiful greenspace parks. Custom tile floor/engineered hardwood throughout. Well maintained. A sweeping staircase and expansive dining room welcome you. Vaulted ceilings and large windows flood the dining area with natural light. Make new memories in the open kitchen/living room with gas fireplace. Living room, dining, and patio are wired for sound (not included). Custom sliding door opens onto a gated covered back patio. Two gas outlets for BBQ/outdoor kitchen. Manicured back yard with corner water fountain. Spa-like pool is jetted on one end with endless lap swim jets opposite. Pool is solar heated. A custom-built discrete shed conceals trash can and outdoors tools. Inside, ascend the stairs to a big loft perfect for office or play. Double doors open to an oversized owner’s suite with generous sized bathroom. Custom shower and soaking tub. 2 guest bedrooms complete the second floor. Upstairs guest bathroom has double vanity with shower/tub.

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Keith And Karen Hayes Elementary School Primary Regular 804 40 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Spring Valley High School High Regular 1,925 79 4

Keith And Karen Hayes Elementary School

  • Education Level: Primary
  • # of students: 804
  • # of teachers: 40
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,845
Property Tax -$303
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$419

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.

$500,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6304$1,8505$1,920
$1,920
RENT COMPS ANALYSIS
  • 3920 Rancho Niguel Parkway Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.82
    •  
  • 3742 Morning Canyon Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1998
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 3758 Morning Canyon Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1998
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 9554 Sunshade Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2000
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.75
    •  
  • 9237 Viking Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
PROPERTY LISTING DETAILS
John W Williams
1.702.498.9338
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2239580
Last Updated: 10/31/2020
BESbswy