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4115 Maule Avenue Las Vegas, NV 89118

4 Beds 3 Baths 3,799 sqft Built 1992

$699,900

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $184.23
  • 18 Days on Market
  • MLS # : 2240447
  • Updated Date : 10/31/2020 at 16:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,799 sqft
  • Baths : 3 full
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Wonderful Sun West Custom home with almost 3800 sq ft, in the Southwest Rural Estates area near Southern Highland Master Plan. Gorgeous and new White Island kitchen with new Calacutta gold Quartz counters, and brand new GE Stainless Steel appliances including a double oven. Brand New carpet and neutral Gray-style paint. Open layout with Vaulted ceilings in the formal dining room and a Custom Office features built in Desk space. Private master suite w/ beautiful marble double-sided fireplace, also leads into the beautiful Spa bathroom and soaking tub. The property also features a Dojo Gym over 700 sq feet of amazing work out space. Half Acre RV lot w/ Pool and Spa, private and low maintenance. Custom BBQ Pit area and mountain views.

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,582
Property Tax -$431
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
-$173

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.

$699,900

PROJECTED PRICE

$3,060

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$39,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,640

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5954$2,9505$3,060
$3,060
RENT COMPS ANALYSIS
  • 4115 Maule Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,799 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,799 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.81
    •  
  • 8417 Cambria Cellars Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,517 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,517 Sqft ∙ Built 2006
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.65
    •  
  • 7604 Noche Oscura Circle Las Vegas, NV 2
    • 4 beds 2 baths ∙ 4,014 Sqft ∙ Built 2006 4 beds 2 baths ∙ 4,014 Sqft ∙ Built 2006
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.62
    •  
  • 8406 Mondavi Hill Court Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,558 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,558 Sqft ∙ Built 2006
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.73
    •  
  • 7676 Rancho Destino Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 1980 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 1980
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
PROPERTY LISTING DETAILS
Dulcie Crawford
1.702.505.2775
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2240447
Last Updated: 10/31/2020
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