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4329 Azure Avenue Las Vegas, NV 89115

4 Beds 3 Baths 2,018 sqft Built 2006

$299,999

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $148.66
  • 2 Days on Market
  • MLS # : 2260445
  • Updated Date : 01/10/2021 at 02:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,018 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cr Realty Services Llc

Listing Agent's Description

Adorable move in ready 2 story home with Mountain views!! it features 4 bedroom, 2.5 bath, 2 car garage, tile and carpet throughout, Large kitchen with granite counter tops, oversized island, plenty of cabinets space, large family room, low HOA fees, spacious Master bedroom with walk-in closet, all bedrooms w/ ceiling fans, private backyard w/ easy maintenance landscaping, the long driveway provides ample room for several vehicles and many more.... Don't miss it!!!

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: Lamb and Tropical

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k308k

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

Neighborhood: Lamb and Tropical

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,042
Property Tax -$241
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$122

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.

$299,999

PROJECTED PRICE

$1,590

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$27,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5504$1,5905$1,600
$1,600
RENT COMPS ANALYSIS
  • 4329 Azure Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.79
    •  
  • 4340 Santa Clarita Avenue #0 North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 4408 Santa Clarita Avenue #n/a North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2006
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 4409 Azure Avenue North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 4320 Laguna Garden Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2005
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
PROPERTY LISTING DETAILS
Clemente Espinoza
1.702.340.0720
Cr Realty Services Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260445
Last Updated: 01/10/2021
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