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4129 Bonita Desert Court North Las Vegas, NV 89032

3 Beds 2 Baths 1,473 sqft Built 2002

$335,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $227.43
  • 5 Days on Market
  • MLS # : 2272208
  • Updated Date : 02/25/2021 at 07:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,473 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

TOTALLY TURN KEY - SINGLE STORY - 3 CAR GARAGE - 9148 SQ FT LOT - 72 FT LONG DRIVEWAY - HUGE (60' X 40') BACKYARD - NO HOA!! MANY UPDATES INCLUDING NEW PLANK VINYL FLOORING IN GREAT ROOM/KITCHEN/BATHS/HALLS, NEW CARPET IN ALL 3 BEDROOMS, FRESH EXTERIOR PAINT, NEW TOILETS/DOUBLE GARAGE DOOR/LIGHTING FIXTURES & MORE. SPACIOUS & BRIGHT GREAT ROOM W/VAULTED CEILINGS & ENTERTAINMENT NICHE OPENS TO DINING AREA & KITCHEN W/CLOSET PANTRY. FABULOUS SPLIT 3 BEDROOM/2 BATHROOM FLOORPLAN WITH 2 SEPARATE HALLWAYS CONNECTED THROUGH HALL BATHROOM. LOVELY MASTER BEDROOM SUITE FEATURES DOUBLE DOOR ENTRY, LARGE WALK-IN CLOSET, VAULTED CEILINGS AND 2 SINKS IN MASTER BATHROOM. DEDICATED LAUNDRY ROOM AND 3 HALL STORAGE CLOSETS (2 SINGLE/1 DOUBLE). BACK YARD AWAITS YOUR DREAM! GREAT ACCESS TO RETAIL/DINING/THE STRIP/NORTH LAS VEGAS AIRPORT/I-95. HURRY - THIS ONE WON'T LAST!!

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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: Santa Fe Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Santa Fe Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8981603

* 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
Lucile Bruner Elementary School Primary Regular 712 38 2
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Lucile Bruner Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 38
2
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,164
Property Tax -$221
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$89

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.

$335,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,322

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,4003$1,4504$1,4705$1,500
$1,500
RENT COMPS ANALYSIS
  • 4129 Bonita Desert Court North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
  • 3339 Dragon Fly Street #0 North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,339 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,339 Sqft ∙ Built 2002
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 3897 Ankara Walk Drive North Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 2012
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 3335 Bay Horse Court #0 North Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2000
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 3809 Thomas Patrick Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2006
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Gabrielle A Thorp
1.602.690.8644
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272208
Last Updated: 02/25/2021
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