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441 Eternity Street Las Vegas, NV 89138

4 Beds 3 Baths 2,451 sqft Built 2003

$548,888

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $223.94
  • 3 Days on Market
  • MLS # : 2263578
  • Updated Date : 01/23/2021 at 03:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,451 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

BE MESMERIZED with this GORGEOUS 2,452 sqft home located in the desirable Summerlin community! Before even entering the property you will be stunned by the inviting courtyard w/beautiful warm lighting throughout! This home is basically a 1-story home with a master suite, 2 secondary bedrooms, and 2 baths downstairs! Kitchen with custom self-close cabinets, beautiful backsplash, and granite countertops that magnify the huge kitchen island! The downstairs primary suite offers a beautifully updated bathroom with a separate shower&tub and a custom walk-in closet! Guest quarters or an entertainment area, the Sky is the limit with the upstairs secondary master suite! With its fully updated bath, walk-in closet, wood flooring, and an incredible view of the City! Central vacuum and custom window shutters throughout! The Community offers great family catered amenities like amazing parks, pools, scenic walking trails, and rec centers! IMPECCABLY CLEAN & MOVE-IN READY!

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: The Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k457k

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

Neighborhood: The Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762145

* 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
Linda Rankin Givens Elementary School Primary Regular 1,100 52 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Linda Rankin Givens Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 52
9
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$493,999$603,777$548,888

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$1,906
Property Tax -$341
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$339

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.

$548,888

PROJECTED PRICE

$2,780

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,205

INVESTMENT

$151,205

Down Payment
$137,222
Rehab Estimate
$5,750
Closing Costs
$8,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,906

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,222
Loan Amount $411,666
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$70,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,776

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7804$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 441 Eternity Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.13
    •  
  • 440 Trevinca Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2015
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
  • 11815 Mino Rio Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2017
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.14
    •  
  • 448 Vigo Port Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2016
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 11807 Mino Rio Avenue Las Vegas, NV 5
    • 4 beds 5 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 5 baths ∙ 2,580 Sqft ∙ Built 2017
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
PROPERTY LISTING DETAILS
Matt Suiter
1.702.339.6987
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263578
Last Updated: 01/23/2021
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