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3930 Kristina Lynn Avenue North Las Vegas, NV 89081

4 Beds 4 Baths 2,862 sqft Built 2006

$475,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.97
  • 2 Days on Market
  • MLS # : 2314007
  • Updated Date : 07/13/2021 at 01:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,862 sqft
  • Baths : 3 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Beautiful 4 Bedroom 3.5 Bathroom with Loft Home. Spacious Kitchen with Breakfast Bar/Island, Granite Counter tops and plenty of storage. Large Dining Room & Family Room with Fireplace perfect for entertaining. Separate Living Room area in the front of the house. The Loft Area is great for a Home Theater or Game Room. Backyard Oasis with Pool & Spa! (Professional pics being done Friday 23 July)

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: Tropical Walnut

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $84k419k

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

Neighborhood: Tropical Walnut

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9651851

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,650
Property Tax -$362
Property Insurance -$83
HOA -$28
Property Management Fees -$119
CASH FLOW
-$382

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.

$475,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.4%
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-$5.0k$0.0$5.0k$10k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,8753$1,8954$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 3930 Kristina Lynn Avenue North Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.65
    •  
  • 4133 Free Bird Crest Ave Avenue North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,662 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,662 Sqft ∙ Built 2017
    LEASED 04/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
  • 4021 Villa Serena Lane North Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
  • 3941 Carol Bailey Avenue North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,931 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,931 Sqft ∙ Built 2016
    LEASED 05/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.66
    •  
  • 3925 Grant Hill Avenue North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 2005
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
PROPERTY LISTING DETAILS
Joshua Nickelsen
1.702.747.0783
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314007
Last Updated: 07/13/2021
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