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4018 White Opal Street Las Vegas, NV 89130

5 Beds 3 Baths 2,956 sqft Built 2019

$419,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $141.75
  • 22 Days on Market
  • MLS # : 2268567
  • Updated Date : 02/24/2021 at 01:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,956 sqft
  • Baths : 3 full
Listing Agent

Homie Llc

Listing Agent's Description

Gorgeous 2 story home with breathtaking mountain views available in north Las Vegas. Built-in 2019 and move in ready, this gem features a highly sought after great room floor plan with 1 bedroom downstairs, 4 upstairs, and a huge loft with lots of possibilities. The large open concept kitchen boasts an island/breakfast bar and granite countertops! The formal dining room is perfect for special occasions. Upstairs owners suite includes a walk-in closet and a private ensuite with dual sinks and a separate tub and shower. Beautiful and immaculately maintained front and backyard landscaping. 2 car garage. This gem is a must see. Dont miss it.

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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: 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
 

$377,100$460,900$419,000

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 -$1,455
Property Tax -$338
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$197

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.

$419,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.43%

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) 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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,323

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
  • $0.61

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,8003$1,8494$1,990
$1,990
RENT COMPS ANALYSIS
  • 4018 White Opal Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,956 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,956 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.61
    •  
  • 3722 True Spring Place #0 North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2008
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.60
    •  
  • 7335 Hollywood Park Avenue Las Vegas, NV 3
    • 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
    •  
  • 4032 Wild Magic Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,023 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,023 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.66
    •  
PROPERTY LISTING DETAILS
Janet Espinoza
1.702.984.4005
Homie Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268567
Last Updated: 02/24/2021
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