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400 Baldur Run Street Las Vegas, NV 89148

6 Beds 4 Baths 3,699 sqft Built 2001

$525,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $141.93
  • 7 Days on Market
  • MLS # : 2268744
  • Updated Date : 02/13/2021 at 23:27
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,699 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

SPACIOUS 6 BEDROOM, 4 BATHROOM, 3 CAR GARAGE ON CORNER LOT IN GUARD GATED RHODES RANCH. GREAT OPPORTUNITY. LARGE BACK YARD WITH NO NEIGHBORS BEHIND. NEW INTERIOR PAINT INCLUDING GARAGE. AMAZING RECREATIONAL AMENITIES INCLUDING RESORT LIKE POOL AND SPA, RAQUETBALL, BASKETBALL AND FUN ZONE FOR KIDS.

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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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,824
Property Tax -$351
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
$358

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.

$525,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$68,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,756

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,635
1$2,6352$2,6953$2,6954$2,7505$2,795
$2,795
RENT COMPS ANALYSIS
  • 400 Baldur Run Street Las Vegas, NV 4
    • 6 beds 4 baths ∙ 3,699 Sqft ∙ Built 2001 6 beds 4 baths ∙ 3,699 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.74
    •  
  • 294 Powerbilt Avenue Las Vegas, NV 1
    • 6 beds 4 baths ∙ 3,699 Sqft ∙ Built 2002 6 beds 4 baths ∙ 3,699 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,635
    • $0.71
    •  
  • 61 Rancho Maria Street Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,715 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,715 Sqft ∙ Built 2002
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.73
    •  
  • 41 Chateau Whistler Las Vegas, NV 3
    • 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2002 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2002
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 111 Rancho Maria Street Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,716 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,716 Sqft ∙ Built 2002
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.75
    •  
PROPERTY LISTING DETAILS
Elizabeth Ollivier
1.702.845.3788
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268744
Last Updated: 02/13/2021
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