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4326 Flagship Court Las Vegas, NV 89121

3 Beds 2 Baths 2,394 sqft Built 1995

INVESTimate

$365,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$399,200  ( +9.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $152.46
  • 2 Days on Market
  • MLS # : 2222231
  • Updated Date : 08/25/2020 at 09:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,394 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

FORMER MODEL! BEAUTIFULLY MAINTAINED HOME WITH PRIDE OF OWNERSHIP. GORGEOUS GATED COURTYARD ENTRY LEADS INTO HOME WITH A DOUBLE DOORS. UPON ENTRY IS THE FORMAL LIVING ROOM WITH VAULTED CEILING AND ELEGANT SPIRAL STAIRCASE LEADING UP TO 2 BEDROOMS PLUS SPACIOUS LOFT/BONUS ROOM. THE MASTER BEDROOM SUITE IS DOWNSTAIRS WITH FRENCH DOORS LEADING OUT TO A WELL MANICURED BACKYARD INCLUDING A SPARKLING POOL, AND COVERED PATIO. THE MASTER BATH FEATURES A JETTED ROMAN TUB PLUS SEPARATE SHOWER. DOWNSTAIRS IS A LARGE FAMILY ROOM ALSO WITH FRENCH DOORS LEADING OUT TO THE BACKYARD. NEWER TILE FLOORING THROUGHOUT THE GROUND FLOOR, NEWER QUARTZ COUNTER TOPS IN KITCHEN FOR A MODERN LOOK. THERE'S ALSO FORMAL DINING ROOM OFF THE KITCHEN SUITED FOR ENTERTAINMENT. TURN KEY HOME AND MOVE IN READY. ALL APPLIANCES INCLUDED. GREAT LOCATION CLOSE TO AIRPORT, UNLV, THE STRIP, FREEWAYS, RESTAURANTS, ETC. NO HOA!!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
Lewis E. Rowe Elementary School Primary Regular 657 39 6
C W Woodbury Middle School Middle Regular 902 39 NA
Del Sol High School High Regular 2,051 73 2

Lewis E. Rowe Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 39
6
GreatSchools Rating

C W Woodbury Middle School

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

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,347
Property Tax -$236
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$75

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.

$365,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.37%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$21,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5253$1,7004$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 4326 Flagship Court Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 3918 Amadeus Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1990
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 4332 Flagship Court Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1995
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.68
    •  
  • 4461 Paseo El Rio Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1978
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 1888 Roxford Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1979
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
PROPERTY LISTING DETAILS
Elizabeth Ollivier
1.702.845.3788
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222231
Last Updated: 08/25/2020
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