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4370 Angelo Rosa Street Las Vegas, NV 89135

2 Beds 2 Baths 1,683 sqft Built 2000

$455,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $270.89
  • 2 Days on Market
  • MLS # : 2248194
  • Updated Date : 11/14/2020 at 14:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,683 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

FANTASTIC LOCATION IN SIENA NEAR CLUBHOUSE AND RECREATION FACILITIES. THIS HOME IS UNIQUELY POSITIONED ON AN ELEVATED LOT WITH FABULOUS, EASY MAINTENANCE LANDSCAPING. PAVERS ON DRIVEWAY, WALKING PATH TO REAR YARD & TO FRONT DOOR. GREAT ROOM HAS LOVELY BUILT-INS AND FIREPLACE. WELL DESIGNED OFFICE BUILT-INS. WINDOW COVERINGS THROUGHOUT. EXTRA SPACE IN GARAGE COULD BE USED FOR STORAGE, WORKSPACE. THIS IS A MUST-SEE HOME POPULAR 6110 FLOORPLAN.

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: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k432k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762324

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$410,310$501,490$455,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,682
Property Tax -$252
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$343

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.

$455,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,564

INVESTMENT

$126,564

Down Payment
$113,975
Rehab Estimate
$5,750
Closing Costs
$6,839

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,975
Loan Amount $341,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,8004$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 4370 Angelo Rosa Street Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,683 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.05
    •  
  • 10540 Riva Grande Court Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2002
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
  • 4431 Palloni Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2005
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
  • 5091 Pensier Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,677 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,677 Sqft ∙ Built 2005
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 10537 Sopra Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2002
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.17
    •  
PROPERTY LISTING DETAILS
Lynn M Carlson
1.702.236.6422
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248194
Last Updated: 11/14/2020
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