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429 Rosina Vista Street Las Vegas, NV 89138

5 Beds 5 Baths 3,934 sqft Built 2015

$971,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $246.82
  • 2 Days on Market
  • MLS # : 2251007
  • Updated Date : 11/28/2020 at 18:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,934 sqft
  • Baths : 4 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Fantastic location in gated Belmonte community in The Paseos of Summerlin. Highly sought after schools and just minutes from Downtown Summerlin. This luxury Woodside Homes offers a unique layout that naturally flows from the great room/kitchen with 2 sets of triple glass STACKING glass doors for seamless indoor-outdoor entertaining. Covered Patio with fireplace & TV! One of the largest lots in the community, if you are looking for a yard big enough for a pool - THIS IS IT!! Gourmet Kitchen with stainless steel appliances, built-in refrigerator, double oven, microwave, double bowl farm sink, granite countertops, large island, and upgraded cabinets, Butler & walk-in Pantry. Downstairs: Jr Suite with its own 3/4 bathroom perfect for Grandma or guests. Real hardwood floors, two-tone paint, 8' doors. Master bedroom has covered balconing with mtn views. Soaker tub, walk-in shower in the master bathroom + master retreat as an office with built-in desks and cabinetry. 2nd ensuite upstairs.

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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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

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

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$873,900$1,068,100$971,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$3,583
Property Tax -$749
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$314

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.

$971,000

PROJECTED PRICE

$4,240

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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$263,065

INVESTMENT

$263,065

Down Payment
$242,750
Rehab Estimate
$5,750
Closing Costs
$14,565

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $242,750
Loan Amount $728,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$46,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $4,190

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$4,2403$4,5004$4,7005$4,700
$4,700
RENT COMPS ANALYSIS
  • 429 Rosina Vista Street Las Vegas, NV 2
    • 5 beds 5 baths ∙ 3,934 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,934 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $1.08
    •  
  • 327 Elder View Drive Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,598 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,598 Sqft ∙ Built 2015
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.89
    •  
  • 11511 Noors Avenue #0 Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 2032 Country Cove Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.14
    •  
  • 1108 Emerald Tint Las Vegas, NV 5
    • 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Terry L Mcberty
1.702.308.3430
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251007
Last Updated: 11/28/2020
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