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4108 Nancy Margarite Lane Las Vegas, NV 89130

3 Beds 2 Baths 1,943 sqft Built 1993

$425,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $218.73
  • 7 Days on Market
  • MLS # : 2248608
  • Updated Date : 11/16/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,943 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Beautifully upgraded home in the small gated community of San Miguel. The kitchen has granite countertops and travertine flooring. Both bathrooms have been remodeled. Gorgeous fireplace that is the centerpiece of the home. Huge yard, RV parking with RV hookups, and a two-story playhouse. Tiled patio with brand new patio cover. Independent swamp cooler attached to the home on the roof. Radiant barrier insulation has been added throughout the home. The garage has it's own A/C. A part of the garage was converted into climate-controlled storage/office with built-in cabinets making it 2-car garage. Can be easily converted back into a 3-car garage. The neighborhood has it's own community garden that is open to all residents year around. The HOA even holds community events throughout the year.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rancho San Miguel

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k453k

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

Neighborhood: Rancho San Miguel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762050

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,568
Property Tax -$253
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$245

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.

$425,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.41%

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7604$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 4108 Nancy Margarite Lane Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.91
    •  
  • 4717 Pointe Decatur North Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1994
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 4710 Biddle Way North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1995
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 3721 Thom Boulevard Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1979
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 4536 Vincente Lane Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1993
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
PROPERTY LISTING DETAILS
Courtney Eck
1.321.890.5614
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248608
Last Updated: 11/16/2020
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