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4325 Sawyer Avenue Las Vegas, NV 89108

3 Beds 1 Baths 1,481 sqft Built 1963

$249,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $168.74
  • 2 Days on Market
  • MLS # : 2260592
  • Updated Date : 01/10/2021 at 01:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,481 sqft
  • Baths : 1 full
Listing Agent

1st Priority Realty, Llc

Listing Agent's Description

ABSOLUTELY GORGEOUS! NO REPO OR SHORT SALE! BEAUTIFUL ONE STORY FULLY REMODELED! CUSTOM CABINETRY WITH NEW GRANITE COUNTERS AND FULL GLASS/TILE BACKSPLASH*FULL STAINLESS STEEL APPLIANCE PKG WITH, FRIG, WASHER, DRYER AND LOW PROFILE MICROWAVE*NEW TWO TONED PAINT INSIDE AND OUT*PLUSH NEW CARPET AND WOOD PLANK TILE THRU-OUT*NEW FIXTURES, SINKS, FAUCETS, FANS, VANITIES, CLOSET DOORS AND NEW WOOD BLINDS*SEPARATE LIVING AND FAMILY ROOMS, HUGE INDOOR LAUNDRY/UTILITY ROOM, FULL LENGTH, ENCLOSED SUN ROOM WITH NEW CARPET, PROFESSIONAL LANDSCAPE FRONT AND REAR, HUGE CARPORT, FULL LENGTH RV/BOAT PARKING AND ALL WITH NO HOA OR SID!

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: Twin Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Twin Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8871603

* 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
Twin Lakes Elementary School Primary Regular 667 31 4
J. Harold Brinley Middle School Middle Regular 914 41 NA
Western High School High Regular 2,534 112 2

Twin Lakes Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 31
4
GreatSchools Rating

J. Harold Brinley Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 41
NA
GreatSchools Rating

Western High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$868
Property Tax -$117
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$90

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.

$249,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$22,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,099
1$1,0992$1,1253$1,1954$1,2505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4325 Sawyer Avenue Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,481 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,481 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.84
    •  
  • 5722 West Lake Mead Boulevard #0 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1972
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,099
    • $0.88
    •  
  • 4816 Elmhurst Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1961
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.77
    •  
  • 4616 Mark Las Vegas, NV 3
    • 4 beds 1 baths ∙ 1,372 Sqft ∙ Built 1972 4 beds 1 baths ∙ 1,372 Sqft ∙ Built 1972
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.87
    •  
  • 5513 Bartlett Avenue Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,633 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,633 Sqft ∙ Built 1971
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michael R Costello
1.702.596.8032
1st Priority Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260592
Last Updated: 01/10/2021
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