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4105 Arcola Avenue Las Vegas, NV 89110

4 Beds 3 Baths 1,486 sqft Built 1996

INVESTimate

$270,000

List Price

$1,330

$1,197 - $1,463

Rent Est.

$303,669  ( +12.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $181.70
  • 6 Days on Market
  • MLS # : 2223562
  • Updated Date : 08/21/2020 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,486 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

**AWESOME FULLY REMODELED 4 BEDROOM HOME!** Highly upgraded Kitchen with Granite Countertops and Extra Deep Stainless Steel Sink and Faucet With Island and Custom Backsplash! Modern Tile on Kitchen and Bathroom Floors! New Carpet Through out the Rest of the Home! Huge Pool Sized Backyard! Open Living Room that Flows Into Dining Room and Kitchen! Large Master Bedroom with Master Bathroom! All Bedrooms Have Ceiling Fans! New Window Coverings Throughout! Large Driveway and Located in a Cul-De-Sac with NO HOA! Lots of Room For All Of Your Toys! THIS ONE IS A MUST SEE!

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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: Innovation at Nellis Station

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Innovation at Nellis Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8381603

* 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
Ruben Diaz Elementary School Primary Regular 794 45 4
Mario C And Joanne Monaco Middle School Middle Regular 1,426 53 NA
Desert Pines High School High Regular 2,279 99 1

Ruben Diaz Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 45
4
GreatSchools Rating

Mario C And Joanne Monaco Middle School

  • Education Level: Middle
  • # of students: 1,426
  • # of teachers: 53
NA
GreatSchools Rating

Desert Pines High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$996
Property Tax -$165
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$6

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.

$270,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.47%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3004$1,3305$1,350
$1,350
RENT COMPS ANALYSIS
  • 4105 Arcola Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,486 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,486 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.90
    •  
  • 4117 Kemble Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 4125 Wheatleigh Court Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2006
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
  • 4117 Dongola Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1998
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 1784 Victor Hugo Lane Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2006
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jonathan Schussler
1.702.335.8740
Keller Williams Realty Sw
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223562
Last Updated: 08/21/2020
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