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4225 Totano Drive North Las Vegas, NV 89032

3 Beds 1 Baths 1,342 sqft Built 1993

$287,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $213.86
  • 9 Days on Market
  • MLS # : 2254158
  • Updated Date : 12/12/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Welcome Home! Beautiful remodeled single story home in a Quiet Neighborhood is ready for you to move in. Your new home features new A/C and Heating unit (2019) along with new back and side doors. Remolded kitchen includes new stainless steel Kenmore appliances, stainless steel sink, wood tile flooring, new solid counter tops, refaced cabinets and a window seat with storage. Your family room's focal point is the magnificent upgraded stone fireplace where you can relax and cozy up. Master bath and secondary bath are remodeled with new wood tile flooring and updated vanities. New stylish light fixtures throughout the home. Backyard is fully landscaped featuring a pergola covered patio, large lawn and raised garden with drip irrigation to grow your favorite herbs and vegetables! Your new home is close to shopping, restaurants, schools, freeway access and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Las Brisas Norte

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Las Brisas Norte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8791603

* 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
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,059
Property Tax -$178
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$9

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.

$287,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,805

INVESTMENT

$81,805

Down Payment
$71,750
Rehab Estimate
$5,750
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,215

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3254$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 4225 Totano Drive North Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,342 Sqft ∙ Built 1993 3 beds 1 baths ∙ 1,342 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 4311 Cobblehill Way North Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1994
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 5112 Camino Del Rancho Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,486 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,486 Sqft ∙ Built 1996
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.89
    •  
  • 3505 Sockeye Lane North Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1993
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.91
    •  
  • 4024 Delhi Avenue North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2000
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
PROPERTY LISTING DETAILS
Christy Heil
1.702.803.6800
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254158
Last Updated: 12/12/2020
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