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

3964 Blue Opal Way Las Vegas, NV 89130

4 Beds 3 Baths 2,424 sqft Built 2019

$375,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $154.70
  • 2 Days on Market
  • MLS # : 2248322
  • Updated Date : 11/14/2020 at 14:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,424 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexthome Community Real Estate

Listing Agent's Description

**NEARLY NEW~ BUILT IN 2020!**WHY WAIT FOR THE LENGTHY BUILDER CONSTRUCTION TIMEFRAME? THIS GORGOEUS 2 STORY HOME IS FULLY UPGRADED & READY TO GO!*HERE YOU WILL FIND AMPLE UPGRADED OPTIONS THAT BUYERS DESIRE THROUGHOUT A THOUGHTFUL & DESIRABLE FLOOR PLAN FEATURING OVER 2,400sqft OF LIVING SPACE ~ 4 BEDROOMS + HUGE LOFT/BONUS ROOM*SITUATED ON A PREMIER LOT IN NEW A NW GATED COMMUNITY BY DR HORTON*THIS POPULAR MODEL'S MAIN LEVEL IS HOST TO A GENEROUS GREAT ROOM THAT OPENS TO AN UPGRADED ISLAND KITCHEN & LARGE DINING AREA*THE SECOND LEVEL PRESENTS A SPACIOUS LOFT, UPSTAIRS LAUNDRY ROOM w/ SINK & CABINETS, LUXE MASTER SUITE w/ CUSTOM CLOSET & NICE-SIZE SECONDARY BEDROOMS*STEP OUTSIDE TO AN OVERSIZED REAR YARD w/ NEW CUSTOM PATIO COVER*GREAT LOCATION NEAR THE COMMUNITY PARK!*COME BE IMPRESSED & DISCOVER WHAT CAN BE YOURS ~ DON’T MISS OUT ON THE OPPORTUNITY TO MAKE THIS YOUR NextHome!

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: Northwest Area

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k375k

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

Neighborhood: Northwest Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10761727

* 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
Claude And Stella Parson Elementary School Primary Regular 452 26 3
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Claude And Stella Parson Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 26
3
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,384
Property Tax -$65
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$159

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$101,375

INVESTMENT

$101,375

Down Payment
$93,750
Rehab Estimate
$2,000
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$53,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7953$1,8004$1,8495$2,050
$2,050
RENT COMPS ANALYSIS
  • 3964 Blue Opal Way Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 4901 Capo Gallo Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2003
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
  • 3821 Birch River Street North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2019
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 7335 Hollywood Park Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2003
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.68
    •  
  • 4025 Treasured Note Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2003
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
PROPERTY LISTING DETAILS
Peter Torsiello
1.702.743.2333
Nexthome Community Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248322
Last Updated: 11/14/2020
BESbswy