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4270 Mardon Avenue Las Vegas, NV 89139

4 Beds 1 Baths 2,520 sqft Built 1977

$425,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $168.65
  • 7 Days on Market
  • MLS # : 2248482
  • Updated Date : 11/19/2020 at 18:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,520 sqft
  • Baths : 1 full
Listing Agent

First Full Service Realty

Listing Agent's Description

Only minutes from Las Vegas Strip with easy access to 215 & I-15 also only a few miles from Raider stadium. This 4 bed 3 bath single story home sits on over 1/2 acre in a cul-de-sac! MASSIVE open living room with wood burning fireplace! Large bedrooms! 4th bed has its own entrance and full bath and is located on opposite end of the house. Garage still has automatic door in place but was converted into a massive work shop of just under 1000sq ft. An extra room was built onto it for storage of inventory items! Sparkling pool, cute tree house and a covered patio that extends the entire back of the house. Side yard is so massive that a full guest house or another shop could be built there. 2 extra storage barns/sheds in the back as well. Needs a little updating but TONS of possibilities! No HOA so dream away!

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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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,568
Property Tax -$259
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$658

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.

$425,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$107,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $3,553

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$3,450
$3,450
RENT COMPS ANALYSIS
  • 4270 Mardon Avenue Las Vegas, NV 1
    • 4 beds 1 baths ∙ 2,520 Sqft ∙ Built 1977 4 beds 1 baths ∙ 2,520 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.06
    •  
  • 7359 Rani Road Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 1980
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.41
    •  
PROPERTY LISTING DETAILS
Ruchelle R Stuart
1.702.373.9939
First Full Service Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248482
Last Updated: 11/19/2020
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