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

4166 Scorpius Avenue North Las Vegas, NV 89084

5 Beds 4 Baths 3,814 sqft Built 2019

$635,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $166.49
  • 6 Days on Market
  • MLS # : 2270629
  • Updated Date : 02/19/2021 at 02:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,814 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homie Llc

Listing Agent's Description

This gorgeous 5 bedroom 3.5 bath home features 2 primary bedrooms, downstairs casita, a large loft, custom closets, all rooms have walk-in closets, beautiful finishes and sits on a pool size corner lot tucked away in the back of the gated community. Beautiful white cabinets throughout with quartz counters, 12x24 tile and stainless steel appliances. 2 A/C Units. Beautiful plantation shutters throughout and a fully landscaped backyard. This home is located in the brand new Valley Vista masterplan. A MUST SEE!

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
Howard Heckethorn Elementary School Primary Regular 657 35 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Howard Heckethorn Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 35
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

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

$571,500$698,500$635,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,206
Property Tax -$454
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
-$569

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.

$635,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.36%

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) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $2,765

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,310
1$2,3102$2,4953$2,6004$2,7255$2,995
$2,995
RENT COMPS ANALYSIS
  • 4166 Scorpius Avenue North Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,814 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,814 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.61
    •  
  • 4108 Falcons Flight Avenue North Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.66
    •  
  • 7408 Redbreast Court North Las Vegas, NV 3
    • 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,635 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 7224 Night Heron Way North Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,732 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,732 Sqft ∙ Built 2005
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $0.73
    •  
  • 7305 Night Sky Street North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,814 Sqft ∙ Built 2019 5 beds 3 baths ∙ 3,814 Sqft ∙ Built 2019
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.79
    •  
PROPERTY LISTING DETAILS
Karen Gradington
1.702.301.9130
Homie Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270629
Last Updated: 02/19/2021
BESbswy