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

4295 Cloverhill Court Las Vegas, NV 89147

4 Beds 3 Baths 1,762 sqft Built 1975

$359,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $204.26
  • 6 Days on Market
  • MLS # : 2247225
  • Updated Date : 11/10/2020 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,762 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

A TRUE GEM AT THE HEART OF LAS VEGAS. THIS GORGEOUS AND CHIC HOME IS TOTALLY RENOVATED AND FEATURES 4 BEDROOMS, 3 BATHS AND A H-U-G-E BACKYARD WITH COVERED PATIO AND A GIGANTIC POOL AND SPA! BEAUTIFUL CUSTOM KITCHEN WITH STAINLESS STELL APPLIANCES AND GRANITE COUNTER TOPS. LIVING ROOM HAS A BEAUTIFUL DESIGNED FIREPLACE. !!! A MUST SEE !!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Pat A. Diskin Elementary School Primary Regular 686 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Pat A. Diskin Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,328
Property Tax -$142
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$10

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.

$359,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$28,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6003$1,6404$1,6505$1,930
$1,930
RENT COMPS ANALYSIS
  • 4295 Cloverhill Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.93
    •  
  • 4294 Cloverhill Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1975
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 4747 Beaconsfield Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1987
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 7244 Steeple Ridge Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1995
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 7641 Keating Circle Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1985
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.03
    •  
PROPERTY LISTING DETAILS
Roy Shitrit
1.702.408.6599
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247225
Last Updated: 11/10/2020
BESbswy