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4419 Palloni Court Las Vegas, NV 89135

2 Beds 2 Baths 1,470 sqft Built 2005

$425,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $289.12
  • 3 Days on Market
  • MLS # : 2248036
  • Updated Date : 11/13/2020 at 12:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Immaculate 2 beds, 2 baths single story home situated inside the exclusive 55+ guard gated community of Siena in the heart of South Summerlin. The kitchen offers plenty of cabinet space with stainless steel appliances, backsplash and a breakfast bar that opens to the dining area. Plantation shutters and tile flooring throughout. Separate master suite and a beautiful private non overlooked backyard with mature landscaping. The gorgeous Siena community includes outdoor/indoor pool and spa, exercise facilities, golf course, numerous social events and activities/ bridge, poker, wine tasting, movies ect... You are not just buying a home, you are buying into an exclusive lifestyle! As an added bonus, this home is conveniently located in a CUL DE SAC next to the private tennis courts. Buyers and buyer's agent to verify all measurements and info including HOA fees, property taxes.. Buyer to pay approximate $1155.00 Siena CID Capital Contribution fee.

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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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,568
Property Tax -$251
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$324

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.

$425,000

PROJECTED PRICE

$1,670

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6703$1,7504$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 4419 Palloni Court Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.14
    •  
  • 4427 Bella Cascada Street Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,396 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,396 Sqft ∙ Built 2000
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 4573 Largo Cantata Street Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,603 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,603 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
  • 4431 Palloni Las Vegas, NV 4
    • 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
    •  
  • 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
Paul M Bowler
1.702.845.3403
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248036
Last Updated: 11/13/2020
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