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4432 Sparkle Crest Avenue North Las Vegas, NV 89031

4 Beds 3 Baths 1,842 sqft Built 1998

$290,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $157.44
  • 3 Days on Market
  • MLS # : 2248039
  • Updated Date : 11/14/2020 at 07:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,842 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

WELCOME TO YOUR NEW HOME!! PRIDE OF OWNERSHIP IN THIS MAGNIFICENT HOME W/LARGE BACKYARD & PATIO AREA FOR OUTDOOR ENTERTAINING*SOARING 18' CEILING IN FORMAL LIVING & DINING ROOM*FAMILY ROOM W/FIREPLACE & CEILING FAN*KITCHEN W/PANTRY, ISLAND, BREAKFAST NOOK*WOOD FLOORING THROUGHOUT MAIN FLOOR*PRIMARY BEDROOM W/VAULTED CEILINGS, 9' WALK-IN CLOSET & CEILING FAN*PRIMARY BATH W/DBL SINKS & SEPARATE WATER CLOSET*UPSTAIRS BDRMS W/CEILING FANS*GUEST BATH W/DBL SINKS PLUS GUEST POWDER BATH DOWN *GREAT LOCATION NEAR COMMUNITY PARK!! THIS HOME WILL NOT LAST LONG!!

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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: Northbrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Northbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9291603

* 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
Addeliar Guy Elementary School Primary Regular 641 35 5
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Addeliar Guy Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 35
5
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,070
Property Tax -$203
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$85

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$290,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,483

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3703$1,3994$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 4432 Sparkle Crest Avenue North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.74
    •  
  • 5401 Goldenseal Court #0 North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2001
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.78
    •  
  • 5451 Meadow Saffron Court North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 1999
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.82
    •  
  • 5640 Mount Athos Street #na North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 4349 Crimson Tide Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,842 Sqft ∙ Built 1999
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Anthony Vane
1.702.420.0166
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248039
Last Updated: 11/14/2020
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