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4329 Fox Point Drive Las Vegas, NV 89108

4 Beds 3 Baths 1,741 sqft Built 1984

$269,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $155.03
  • 3 Days on Market
  • MLS # : 2249891
  • Updated Date : 11/21/2020 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,741 sqft
  • Baths : 2 full , 1 half
Listing Agent

Resolution Realty

Listing Agent's Description

*FANTASTIC 2-STORY WITH FOUR BEDROOMS/+DEN & NO HOA! BEAUTIFUL PAVERS LEAD THE WAY TO THE FRONT DOOR*WALK INTO THIS HOME AND YOU'LL BE GREETED BY THE FOYER AND JUST BEYOND, THE COZY LIVING ROOM WTIH A WOOD-BURNING FIREPLACE/VAULTED CEILINGS & TILE FOORS*FAMILY ROOM IS SEPARATE AND FEATURES A SUPER FUN WET BAR/CEILING FAN/WOOD-LAMINATE FLOORING & OPEN TO THE DINING ROOM & KITCHEN*BREAKFAST BAR/GORGEOUS GRANITE COUNTERS/PANTRY AND STAINLESS STEEL STOVE THAT STAYS ALONG WITH REFRIGERATOR*LAUNDRY ROOM DOWN HAS SHELVES & WASHER/DRYER THAT STAY*PLUSH CARPET TAKES YOU UPSTAIRS TO ALL BEDROOMS AND FUN DEN/LIBRARY*SPACIOUS PRIMARY BEDROOM & BATHROOM HAS SEP. TUB AND SHOWER*WONDERFUL DEN/LIBRARY W/SKY-LIGHT IS A GREAT RETREAT TO READ & RELAX!*THREE SECONDARY BEDROOMS OFFER GREAT SPACE*COVERED PATIO AND SPACIOUS BACKYARD OFFERS A GREAT SPACE FOR ENTERTAINING*THANK YOU FOR SHOWING THIS AMAZING HOME!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Ruthe Deskin Elementary School Primary Regular 624 36 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Ruthe Deskin Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 36
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$996
Property Tax -$145
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$179

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.

$269,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$41,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,458

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,315
1$1,3152$1,3253$1,3954$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4329 Fox Point Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 7013 Golden Desert Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1997
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,315
    • $0.84
    •  
  • 6652 Wheelbarrow Peak Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 1985
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 6800 Accent Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,642 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,642 Sqft ∙ Built 1984
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 4133 Glenfield Circle Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Valerie Pro Phair
1.702.806.2656
Resolution Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249891
Last Updated: 11/21/2020
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