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3969 Delling Court Las Vegas, NV 89104

4 Beds 2 Baths 1,358 sqft Built 1975

INVESTimate

$297,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$334,927  ( +12.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $218.70
  • 8 Days on Market
  • MLS # : 2223219
  • Updated Date : 08/20/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,358 sqft
  • Baths : 2 full
Listing Agent

United Realty Group

Listing Agent's Description

Beautiful 4 bedroom, 2 bath, 2 car garage home with huge pool & spa. Large family room, kitchen has quartz counters. Large master bedroom with mirrored closet doors. Bath has custom tile. Private yard with covered patio.

SEE MORE

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Walter V. Long Elementary School Primary Regular 827 46 2
Jerome Mack Middle School Middle Regular 1,275 56 NA
Desert Pines High School High Regular 2,279 99 1

Walter V. Long Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 46
2
GreatSchools Rating

Jerome Mack Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 56
NA
GreatSchools Rating

Desert Pines High School

  • Education Level: High
  • # of students: 2,279
  • # of teachers: 99
1
GreatSchools Rating
 

$267,300$326,700$297,000

PURCHASE PRICE

$1,224$1,496$1,360

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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 $1,360
EXPENSES Loan Payment -$1,096
Property Tax -$121
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$30

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.

$297,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,455

INVESTMENT

$84,455

Down Payment
$74,250
Rehab Estimate
$5,750
Closing Costs
$4,455

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,250
Loan Amount $222,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,144

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$1,1503$1,2504$1,3605$1,395
$1,395
RENT COMPS ANALYSIS
  • 3969 Delling Court Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,358 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.00
    •  
  • 217 North Lamb Bl Boulevard #b Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1989
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.77
    •  
  • 4237 Sunrise Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1979
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.86
    •  
  • 305 Tybo Circle Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1971
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.85
    •  
  • 4525 Chicago Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
PROPERTY LISTING DETAILS
Elvira Ramos
1.702.588.3150
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223219
Last Updated: 08/20/2020
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