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4049 Rawhide Street Las Vegas, NV 89120

4 Beds 2 Baths 2,835 sqft Built 1964

$599,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $211.29
  • 6 Days on Market
  • MLS # : 2247102
  • Updated Date : 11/12/2020 at 22:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,835 sqft
  • Baths : 2 full
Listing Agent

Homesmart Encore

Listing Agent's Description

Upgraded Single Story Home on 1/2 Acre w/ RV Parking! Zoned for horses & NO HOA! Professionally remodeled in 2004 w/ all new plumbing, new electrical, new windows, new exterior stucco, new HVAC system, new tile roof & garage! 2 Primary bedrooms w/ private entrances, deluxe bathroom w/ jetted tubs, marble counters, & makeup vanity. Office Retreat w/ 2-way stone fireplace, double doors & built in desks & shelving. Hand Distressed 3/4" Cherry Wood Floors, vaulted ceilings, built in entertainment center, central vacuum, whole home audio, ceiling fans throughout, hard wired data system, alarm prewired, insulated interior walls, & solid core doors! Chef's kitchen w/ granite counters, double islands, breakfast bar seating, Viking Commercial Grade Appliances, pot filler, laundry room w/ 2nd refrigerator, sink & tons of cabinets. Detached 768 square foot garage/ workshop w/ built in cabinets, swamp cooler, pulldown ladder attic storage, 2 floor-safes, & 30 amp RV plug. 2 New AC units in 2016!

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Bill Y. Tomiyasu Elementary School Primary Regular 563 32 4
Helen C. Cannon Middle School Middle Regular 867 39 NA
Del Sol High School High Regular 2,051 73 2

Bill Y. Tomiyasu Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 32
4
GreatSchools Rating

Helen C. Cannon Middle School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 39
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$2,210
Property Tax -$186
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$527

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.

$599,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,105

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$2,0704$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 4049 Rawhide Street Las Vegas, NV 3
    • 4 beds 1 baths ∙ 2,835 Sqft ∙ Built 1964 4 beds 1 baths ∙ 2,835 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.73
    •  
  • 5617 Trooper Street North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1978
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 3468 Misty Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1978
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 3689 Crestview Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 1977
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
  • 5059 Lancaster Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,996 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,996 Sqft ∙ Built 1973
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
PROPERTY LISTING DETAILS
Hali Gillin
1.702.406.8730
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247102
Last Updated: 11/12/2020
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