Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4130 Baltimore Avenue Las Vegas, NV 89104

3 Beds 1 Baths 1,247 sqft Built 1976

$259,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $207.70
  • 3 Days on Market
  • MLS # : 2261896
  • Updated Date : 01/17/2021 at 01:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,247 sqft
  • Baths : 1 full
Listing Agent

Realty One Group Inc

Listing Agent's Description

BEAUTIFUL HOUSE JUST RENOVATED. NEW KITCHEN WITH GRANITE COUNTER TOP, STAINLESS STEEL APPLIANCES, ALL TILE FLOORING, NEW WINDOWS, UPGRADED BATHROOMS, BIG LOT AND BIG BACK YARD, NEW PAINT IN AND OUT.

SEE MORE

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Walter V. Long Elementary School Primary Regular 827 46 2
Jerome Mack Middle School Middle Regular 1,275 56 NA
Chaparral High School High Regular 2,270 87 3

Walter V. Long Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 46
2
GreatSchools Rating

Jerome Mack Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 56
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$900
Property Tax -$108
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$58

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.

$259,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,047

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1203$1,1504$1,2505$1,395
$1,395
RENT COMPS ANALYSIS
  • 4130 Baltimore Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.90
    •  
  • 249 Greenbriar Townhouse Way Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1969
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.81
    •  
  • 4237 Sunrise Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.86
    •  
  • 2664 Matogroso Lane Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1989
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 4525 Chicago Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
PROPERTY LISTING DETAILS
Chaim Lurya
1.240.688.7205
Realty One Group Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261896
Last Updated: 01/17/2021
BESbswy