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4149 Broadriver Drive Las Vegas, NV 89108

3 Beds 2 Baths 1,055 sqft Built 1981

INVESTimate

$235,000

List Price

$1,130

$1,017 - $1,243

Rent Est.

$260,122  ( +10.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $222.75
  • 7 Days on Market
  • MLS # : 2223681
  • Updated Date : 08/23/2020 at 13:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,055 sqft
  • Baths : 2 full
Listing Agent

Century 21 Consolidated

Listing Agent's Description

This stunning 3bed, 2bath home is located in a great area for an unbelievable price. It is a newly renovated property with stainless steel appliances, gorgeous quartz countertops and a beautiful wood burning fireplace. This home also contains a charming solarium perfect for an indoor garden.

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: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Ruthe Deskin Elementary School Primary Regular 624 36 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Ruthe Deskin Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 36
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$867
Property Tax -$112
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
-$16

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.

$235,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.69%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $986

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1303$1,1854$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 4149 Broadriver Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,055 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,055 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.07
    •  
  • 3432 Winterhaven #102 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1995
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.95
    •  
  • 4049 Cape Sand Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,289 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,289 Sqft ∙ Built 1995
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.92
    •  
  • 6813 Sheffield Drive Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,328 Sqft ∙ Built 1984
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 4021 Broadriver Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1993
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Donna R Kelton
1.702.423.3331
Century 21 Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223681
Last Updated: 08/23/2020
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