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4127 Enchanting Sky Avenue Las Vegas, NV 89081

4 Beds 2 Baths 2,593 sqft Built 2020

$420,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $161.97
  • 5 Days on Market
  • MLS # : 2259527
  • Updated Date : 01/07/2021 at 17:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 1 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

NEW HOME, ready now! Stunning 2 story, 4 bed, 2.5 bath w/Large Loft in Summit Peak Community. This most popular "Jefferson" Model is Fully Loaded with Green energy Features, all LED lights, motion faucet, Radiant Roof Barrier, Electric Vehicle Station, Smart Thermostat, Upgraded Ceiling Insulation, Empire Solar panels+ Oversized Sliding Glass Doors off the Great Room, Big Windows to allow natural light to glow throughout, covered Front porch & extended Back patio with 2nd floor Master Balcony! The Gourmet Kitchen includes Stainless Steel appliances, Double Oven, Granite Counter-Island Breakfast Bar. You will Love the Master separate Tub & Shower, Generous Master Closet with custom double-sided mirror door, AND the Laundry room with under cabinet utility sink and countertop. Large backyard waiting for your Artistic Custom Design-It Your way. Solar are leased-transferred to Buyer. It doesn't get any Better than this. LIVE Your Best Life Today, Call now to Buy, Apptment Required. Enjoy!

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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,459
Property Tax -$74
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$420,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 3.00%
Vacancy 8.50%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$113,300

INVESTMENT

$113,300

Down Payment
$105,000
Rehab Estimate
$2,000
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$27,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6993$1,7004$1,7405$1,800
$1,800
RENT COMPS ANALYSIS
  • 4127 Enchanting Sky Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.67
    •  
  • 4132 Recktenwall Avenue #0 North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.64
    •  
  • 5852 Fox Hair Street North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.70
    •  
  • 4412 Cormorant Avenue #0 North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2006
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 6233 Green Heron Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
PROPERTY LISTING DETAILS
Vera Barnes
1.702.525.7589
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259527
Last Updated: 01/07/2021
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