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3931 Deluge Drive Las Vegas, NV 89129

3 Beds 4 Baths 1,874 sqft Built 2015

$344,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $184.04
  • 3 Days on Market
  • MLS # : 2258646
  • Updated Date : 01/01/2021 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

STUNNING HOME WITH PANORAMIC VIEWS OF THE STRIP & MOUNTAINS! THIS OPEN FLOORPLAN HOME HAS 3 BEDROOMS, 3.5 BATHS, GOURMET KITCHEN INCLUDING SEPARATE OVEN & COOKTOP, BREAKFAST BAR, GRANITE COUNTERTOPS, CUSTOM BACKSPLASH, PENDANT LIGHTS, UPGRADED EXTENDED KITCHEN & WALK IN PANTRY. BUILT IN 2015 THIS HOME IS VERY WELL KEPT & LIKE NEW. ENJOY BREATHTAKING VIEWS FROM THE SERENE ROOFTOP DECK OR HANG OUT IN THE BACKYARD THIS HOME HAS BOTH! CONVENIENTLY LOCATED NEAR COMMUNITY POOL & PARK & CLOSE TO FREEWAYS, SCHOOLS, CITY PARKS & SHOPPING. JUST UP THE 215 FROM DOWNTOWN SUMMERLIN. YOU'LL LOVE THIS HOME THAT HAS ALL OF THE FEATURES OF A MODEL LOCATED IN THE SOUGHT AFTER & RAPIDLY GROWING NORTHWEST!

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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: 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
Eileen Conners Elementary School Primary Regular 797 43 8
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Eileen Conners Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 43
8
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

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

$310,410$379,390$344,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,273
Property Tax -$286
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$29

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.

$344,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$29,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6503$1,7504$1,7655$1,770
$1,770
RENT COMPS ANALYSIS
  • 3931 Deluge Drive Las Vegas, NV 5
    • 3 beds 4 baths ∙ 1,874 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,874 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.94
    •  
  • 3901 Aspen Cove Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2006
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 3824 Celcius Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2012
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 10630 Gibbous Moon Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2007
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 10618 Gibbous Moon Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.88
    •  
PROPERTY LISTING DETAILS
Felicia Martin
1.702.460.0795
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258646
Last Updated: 01/01/2021
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