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3929 Yang Court Las Vegas, NV 89129

3 Beds 2 Baths 1,709 sqft Built 2012

INVESTimate

$350,000

List Price

$1,420

$1,278 - $1,562

Rent Est.

$386,085  ( +10.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $204.80
  • 6 Days on Market
  • MLS # : 2223973
  • Updated Date : 08/23/2020 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

SINGLE STORY STUNNER IN BOUTIQUE GATED COMMUNITY WITH ONLY 59 HOMES IN BEAUTIFUL NORTHWEST, MINUTES FROM LONE MOUNTAIN RECREATION AREA. HOME FEATURES NEW CARPETING IN ALL BEDROOMS, NEW INTERIOR PAINT, NEW WATER HEATER (MARCH 2020) DESIGNER DESERT LANDSCAPE, FULL LENGTH COVERED PATIO WITH NO REAR NEIGHBOR, HUGE KITCHEN W/ GRANITE COUNTERS, EAT-IN KITCHEN WITH LARGE ISLAND, CUSTOM LIGHT FIXTURES, 4 CAMERAS + 1 RING DOORBELL. OPEN FLOOR PLAN ON A CORNER LOT WITH SOARING CEILINGS. NATURAL LIGHT COMES THROUGH FROM LARGE WIDOWS THROUGHOUT, MAIN BEDROOM SUITE SEPARATE FROM SECONDARY BEDROOMS HAS ACCESS TO THE BACKYARD, A WALK IN CLOSET, LARGE BATHROOM WITH RAISED VANITIES.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,291
Property Tax -$276
Property Insurance -$60
HOA -$70
Property Management Fees -$119
CASH FLOW
-$397

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.

$350,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.31%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3993$1,4204$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 3929 Yang Court Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.83
    •  
  • 3917 Javana Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2007
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.80
    •  
  • 8869 Perfect Diamond Court #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2003
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.84
    •  
  • 9333 Copper Bay Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1999
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 3925 Copperhead Hills Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2000
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
PROPERTY LISTING DETAILS
Alex E Adabashi
1.702.381.3655
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223973
Last Updated: 08/23/2020
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