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

4241 Vader Avenue Las Vegas, NV 89120

3 Beds 1 Baths 1,620 sqft Built 1979

$330,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $203.70
  • 2 Days on Market
  • MLS # : 2262264
  • Updated Date : 01/17/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

You'll appreciate the openness of the Vader Residency, with clear views of the Pool from the open kitchen and a large island that provides plenty of counter space and a casual spot for family meals cooked with your wolf style stainless steel range and appliances that are included. Stepping into the Guest Luxury Bathroom, you can have a second private spa-like retreat. and the Master Bathroom opens up your Luxury homes experience with Carrara floors, floating double his and hers vanity with a walk-in one level channel drain that makes the Vader residency a special find in this area and price point.

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Bill Y. Tomiyasu Elementary School Primary Regular 563 32 4
Helen C. Cannon Middle School Middle Regular 867 39 NA
Del Sol High School High Regular 2,051 73 2

Bill Y. Tomiyasu Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 32
4
GreatSchools Rating

Helen C. Cannon Middle School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 39
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,146
Property Tax -$145
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$19

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.

$330,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$20,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,563

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,5504$1,6855$1,795
$1,795
RENT COMPS ANALYSIS
  • 4241 Vader Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 5383 Mountain Vista Street #8 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 1981
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 3756 Brittlewood Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,649 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,649 Sqft ∙ Built 1976
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 5220 Chela Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1979
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.03
    •  
  • 3990 East Reno Avenue #0 Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1976
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Nathan Petrosian
1.702.428.3969
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262264
Last Updated: 01/17/2021
BESbswy