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4280 El Antonio Place Las Vegas, NV 89121

3 Beds 2 Baths 1,437 sqft Built 1977

$339,899

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $236.53
  • 7 Days on Market
  • MLS # : 2253961
  • Updated Date : 12/10/2020 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,437 sqft
  • Baths : 2 full
Listing Agent

Forever Home Realty

Listing Agent's Description

Classy three bedroom two bathroom single story loaded with upgrades and a sparkling swimming pool! Notable features include premium flooring, upgraded kitchen counters & cabinets, stainless steel appliances and contemporary bathroom amenities. Stop in and tour for yourself today!

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: 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
J.m. Ullom Elementary School Primary Regular 723 38 3
C W Woodbury Middle School Middle Regular 902 39 NA
Chaparral High School High Regular 2,270 87 3

J.m. Ullom Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 38
3
GreatSchools Rating

C W Woodbury Middle School

  • Education Level: Middle
  • # of students: 902
  • # of teachers: 39
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$305,909$373,889$339,899

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,254
Property Tax -$125
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$183

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.

$339,899

PROJECTED PRICE

$1,370

PROJECTED RENT

0.40%

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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,823

INVESTMENT

$95,823

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,098

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,924
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4493$1,4504$1,4955$1,575
$1,575
RENT COMPS ANALYSIS
  • 4280 El Antonio Place Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.95
    •  
  • 3909 San Andreas Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1969
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.07
    •  
  • 4190 Reno Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,520 Sqft ∙ Built 1979
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 3896 Acapulco Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1968
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 4122 Victoria Street Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1971
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.99
    •  
PROPERTY LISTING DETAILS
Nick Devitte
1.702.528.9913
Forever Home Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253961
Last Updated: 12/10/2020
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