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4424 Crimson Leaf Drive Las Vegas, NV 89130

3 Beds 2 Baths 1,812 sqft Built 1990

$349,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $193.10
  • 3 Days on Market
  • MLS # : 2258680
  • Updated Date : 01/01/2021 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Sunrise Real Estate

Listing Agent's Description

STUNNING & IMMACULATE only begins to describe this BEAUTIFUL HOME. Granite Counter Tops & Quartz are use through out. Custom Kitchen remodeled with 2 patio doors. ALL NEW WINDOWS & SLIDERS through out make for energy efficiency. Carpet, Tile, & Wood Laminate make up the flooring. All Appliances are upgraded. Custom Paint, Custom Lighting, & Custom Fixtures are through out this beautiful home. Warm and inviting Gas Fireplace with Custom surround & mantel. 4th bedroom is an Office with built in desk and shelving. Crown Molding, Raised Panel Doors, & Plantation Shutters are some of the indoor features. The Outside is a Paradise with a HUGE covered alumna wood Patio Cover, Pavers, Storage Shed and a "SPOOL" small pool/spa combo with an energy efficient VARIABLE SPEED PUMP. Stuccoed block walls with "bare" spots left for that "ole world" look! YOU MUST SEE IT! Too many features to list. TREAT YOURSELF to this for 2021, because after 2020, YOU DESERVE IT! PRICED RIGHT AND READY FOR YOU!!

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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
Ernest May Elementary School Primary Regular 665 33 8
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Ernest May Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 33
8
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,291
Property Tax -$218
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$100

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.

$349,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.45%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,5504$1,5905$1,650
$1,650
RENT COMPS ANALYSIS
  • 4424 Crimson Leaf Drive Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.88
    •  
  • 4517 Imperial Orchard Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,619 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,619 Sqft ∙ Built 2010
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 6200 Sinatra Sands Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,657 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,657 Sqft ∙ Built 2009
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 6120 Sinatra Sands Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,657 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,657 Sqft ∙ Built 2009
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 4421 Inez Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1991
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Edward L Paliotta
1.702.768.5808
Sunrise Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258680
Last Updated: 01/01/2021
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