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4416 Sunny Dunes Drive Las Vegas, NV 89121

4 Beds 3 Baths 2,282 sqft Built 1978

$374,999

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $164.33
  • 3 Days on Market
  • MLS # : 2262055
  • Updated Date : 01/16/2021 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 3 full
Listing Agent

The Collective Real Estate Adv

Listing Agent's Description

Beautiful kitchen with marble counters & stainless steel appliances. Ceiling fans & blinds thru out. Callacata style tile and hardwood flooring. Home features wet bar and fireplace. Bedroom down stairs has a full bath. Sparkling pool with covered patio. Enjoy a newly replaster pool and decking. RV parking with 3 car garage

SEE MORE

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
George E. Harris Elementary School Primary Regular 700 38 3
C W Woodbury Middle School Middle Regular 902 39 NA
Chaparral High School High Regular 2,270 87 3

George E. Harris Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 38
3
GreatSchools Rating

C W Woodbury Middle School

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

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$337,499$412,499$374,999

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,303
Property Tax -$195
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$253

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.

$374,999

PROJECTED PRICE

$1,940

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,249
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$49,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,928

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,9404$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 4416 Sunny Dunes Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.85
    •  
  • 3552 Sierra Patricia Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1993
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 4461 Paseo El Rio Drive Las Vegas, NV 2
    • 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
    •  
  • 4754 Monaco Road Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1975
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 4741 Montara Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1974
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Abraham Valdez
1.702.972.2767
The Collective Real Estate Adv
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262055
Last Updated: 01/16/2021
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