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4117 Catalan Sails Avenue North Las Vegas, NV 89031

3 Beds 3 Baths 1,946 sqft Built 2003

$339,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $174.67
  • 3 Days on Market
  • MLS # : 2267841
  • Updated Date : 02/07/2021 at 02:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,946 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

WELCOME HOME! 3 BED, 2.5 BATH, PLUS LOFT! 1946 SQ. FT.! ENJOY YOUR BEAUTIFUL SOLAR HEATED, PEBBLE TECH POOL WITH WATERFALL & BAR STOOLS, PRIVATE SETTING LARGE BACKYARD WITH PATIO COVER & DOG RUN! ENTER INTO THE LIVING/DINING ROOM COMBO WITH VAULTED CEILINGS & POT SHELVES! NEW LAMINATE FLOORS ON LOWER LEVEL, SPACIOUS KITCHEN WITH BLACK STAINLESS STEEL APPLIANCES & WALK IN PANTRY, COZY FAMILY ROOM WITH FIREPLACE. PRIMARY BEDROOM HAS VAULTED CEILINGS, WALK IN CLOSET, ATTACHED BATHROOM WITH DOUBLE SINKS, GARDEN TUB AND SEPARATE SHOWER. UPSTAIRS LOFT CREATES ANOTHER ENTERTAINMENT AREA. AC UNIT IS 2 YEARS NEW, NEWER WATER HEATER, NEWER POOL EQUIPMENT, REFRIGERATOR, WASHER & DRYER INCLUDED! WINOW BLINDS THROUGHOUT, CEILING FANS, AND RING® DOORBELL. TWO CAR GARAGE WITH OPENER AND SHELVING. ENJOYING THE STUNNING MOUNTAIN VIEWS FROM THE FRONT PORCH OF THIS AWESEOME HOME!

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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: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $110k311k

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

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Shadow Ridge High School High Regular 2,697 105 6

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
7
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,181
Property Tax -$273
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$17

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.

$339,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,6004$1,6205$1,745
$1,745
RENT COMPS ANALYSIS
  • 4117 Catalan Sails Avenue North Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.83
    •  
  • 5914 Creekside Sands North Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 5925 Rolling Creek Street North Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 2003
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 3905 Caribbean Blue Avenue North Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 2003
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 6031 Blue Autumn Street North Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2003
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dana Sullivan
1.702.471.8187
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267841
Last Updated: 02/07/2021
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