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4231 Bonita Vista Street Las Vegas, NV 89129

4 Beds 4 Baths 3,687 sqft Built 2006

$940,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $254.95
  • 3 Days on Market
  • MLS # : 2258730
  • Updated Date : 01/02/2021 at 17:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,687 sqft
  • Baths : 3 full , 1 half
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Stunning one of a kind single story home located in the prominent community of Helena Estates. This 3,687 sq. ft. (with 1,062 Sq ft basement) home sits on ½ acre with a large yard, RV parking, and is situated in a quiet cul-de-sac with amazing mountain views. The home features a beautiful pool with a waterfall feature, spa, covered patio, and BBQ for your outdoor entertainment. Built in 2006, the home offers 5 bedrooms, 4.5 bathrooms, plenty of natural light, large rooms, vaulted ceilings, gas fireplaces, primary en-suite with dual sinks, walk-in shower, soaking tub and large walk-in closets. The kitchen includes custom cabinetry, a built in kitchen island with breakfast seating, slate floors and granite countertops. The living room leads to a beautiful finished 1,062 sq.ft. basement equipped with ¾ bath. This home includes so much more and is one of those must see homes!

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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
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
 

$846,000$1,034,000$940,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$3,468
Property Tax -$548
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
-$1,243

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.

$940,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,850

INVESTMENT

$254,850

Down Payment
$235,000
Rehab Estimate
$5,750
Closing Costs
$14,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $235,000
Loan Amount $705,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,097

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9903$3,2004$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 4231 Bonita Vista Street Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,687 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,687 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.81
    •  
  • 8073 Mackenzie Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 8370 Helena Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2013
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
  • 4724 El Presidente Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 8825 Hickam Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Darin Marques
1.702.803.3527
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258730
Last Updated: 01/02/2021
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