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4249 Fleet Dancer Street Las Vegas, NV 89129

3 Beds 3 Baths 1,271 sqft Built 2004

$262,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $206.85
  • 8 Days on Market
  • MLS # : 2271236
  • Updated Date : 02/27/2021 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,271 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Wonderful MOVE-IN-READY Home ***RECENTLY RENOVATED WITH OPEN LIVING SPACE AND A LOT OF NATURAL LIGHT***. Tons of upgrades. New painting throughout. New Vinyl Waterproof Planks downstairs and in all 3 bathrooms, new carpet upstairs and inside the closets. New outlet wall plates all around. New front door Lock. Also features new Dishwasher, Garbage Disposal and Microwave. NEW! NEW! NEW! Ideal Central Location with easy access to freeway, grocery and convenient stores. A MUST SEE PROPERTY.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
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
 

$236,610$289,190$262,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$913
Property Tax -$163
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$57

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.

$262,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,419

INVESTMENT

$75,419

Down Payment
$65,725
Rehab Estimate
$5,750
Closing Costs
$3,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$913

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,725
Loan Amount $197,175
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$12,453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,176

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,1903$1,2004$1,2255$1,300
$1,300
RENT COMPS ANALYSIS
  • 4249 Fleet Dancer Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,271 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,271 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.94
    •  
  • 6908 Dorita Avenue #202 Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,321 Sqft ∙ Built 1997 3 beds 1 baths ∙ 1,321 Sqft ∙ Built 1997
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.89
    •  
  • 6708 Dorita Avenue #102 Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,289 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,289 Sqft ∙ Built 1996
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 7325 Halsey Court #n/a Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,292 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,292 Sqft ∙ Built 2005
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.95
    •  
  • 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
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Mirna R Eguino
1.702.768.7740
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271236
Last Updated: 02/27/2021
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