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4014 Extenso Drive North Las Vegas, NV 89032

3 Beds 2 Baths 1,342 sqft Built 1994

$314,995

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $234.72
  • 4 Days on Market
  • MLS # : 2279235
  • Updated Date : 03/19/2021 at 17:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent

Ameropan Realty And Property

Listing Agent's Description

The house is a beautiful Single Story that has been renovated. This property has Custom Finishes with stainless steel appliances, a Quartz countertop, New White Shaker Cabinets, Black fixtures with a modern design, Vinyl Flooring, 5-inch Baseboards & Custom tile Shower. The Backyard is of good size and has beautiful grass. This one won’t last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Las Brisas Norte

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Las Brisas Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8791603

* 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
Lucile Bruner Elementary School Primary Regular 712 38 2
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Lucile Bruner Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 38
2
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
 

$283,496$346,495$314,995

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,094
Property Tax -$184
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$160

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.

$314,995

PROJECTED PRICE

$1,290

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$89,224

INVESTMENT

$89,224

Down Payment
$78,749
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,749
Loan Amount $236,246
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,211

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3003$1,3254$1,3255$1,375
$1,375
RENT COMPS ANALYSIS
  • 4014 Extenso Drive North Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.96
    •  
  • 4311 Cobblehill Way North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1994
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 5112 Camino Del Rancho Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,486 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,486 Sqft ∙ Built 1996
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.89
    •  
  • 3505 Sockeye Lane North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1993
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.91
    •  
  • 4416 Broken Bow Circle Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1990
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kevin Goujon
1.702.576.4877
Ameropan Realty And Property
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279235
Last Updated: 03/19/2021
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