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4312 Baxter Place Las Vegas, NV 89107

4 Beds 1 Baths 2,468 sqft Built 1953

$320,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $129.66
  • 3 Days on Market
  • MLS # : 2263853
  • Updated Date : 01/23/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,468 sqft
  • Baths : 1 full
Listing Agent

American Renaissance Realty

Listing Agent's Description

Roomy ranch style home on large lot.

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: Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8831603

* 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
E.w. Griffith Elementary School Primary Regular 578 27 3
Hyde Park Middle School Middle Magnet 1,699 69 NA
Western High School High Regular 2,534 112 2

E.w. Griffith Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 27
3
GreatSchools Rating

Hyde Park Middle School

  • Education Level: Middle
  • # of students: 1,699
  • # of teachers: 69
NA
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,111
Property Tax -$133
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$222

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 14.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$40,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,6004$1,6605$1,850
$1,850
RENT COMPS ANALYSIS
  • 4312 Baxter Place Las Vegas, NV 4
    • 4 beds 1 baths ∙ 2,468 Sqft ∙ Built 1953 4 beds 1 baths ∙ 2,468 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.67
    •  
  • 1309 Squires Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 1961 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 1961
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 4309 El Camino Avenue Las Vegas, NV 2
    • 4 beds 1 baths ∙ 2,285 Sqft ∙ Built 1960 4 beds 1 baths ∙ 2,285 Sqft ∙ Built 1960
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 3516 Casa Grande Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 1964
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 3021 Mason Avenue Las Vegas, NV 5
    • 4 beds 1 baths ∙ 2,758 Sqft ∙ Built 1964 4 beds 1 baths ∙ 2,758 Sqft ∙ Built 1964
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.67
    •  
PROPERTY LISTING DETAILS
Inna Mizrahi
1.702.812.6828
American Renaissance Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263853
Last Updated: 01/23/2021
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