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4432 Vicobello Avenue Las Vegas, NV 89141

3 Beds 3 Baths 2,817 sqft Built 2001

$539,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $191.66
  • 24 Days on Market
  • MLS # : 2255356
  • Updated Date : 12/30/2020 at 18:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,817 sqft
  • Baths : 2 full , 1 half
Listing Agent

Raintree Real Estate

Listing Agent's Description

Enjoy the peace of mind that comes with knowing an original owner took great care and pride in this lovely home. Surrounded by mountains you will know you are in the fabulous Las Vegas desert. Feel at home in this well designed corner lot. As leaves fall from the trees in the front you will feel the seasons go by. Upon entering the home you will gaze in wonder at this open floor plan. This openness allows for multiple locations to be used as a home office, gym or education area. Cook to perfection with upgraded gourmet kitchen and WOLF French range hood and cooktop. Retire to the secluded owner suite separate from the rest of the home. Or relax in a quiet desert landscaped backyard with a simple rock path leading to the warm embrace of a jacuzzi. No two story neighbors to worry about prying eyes or unwarranted judgments. Your back yard means your rules. Three car garage for plenty of parking, storage and workshop. Finally, feel safe in this gated one story community.

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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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Dennis Ortwein Elementary School Primary Unknown NA
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Dennis Ortwein Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,992
Property Tax -$338
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$371

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.

$539,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1604$2,2955$2,500
$2,500
RENT COMPS ANALYSIS
  • 4432 Vicobello Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.77
    •  
  • 10541 Casa Bianca Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2001
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 10822 Montasola Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,815 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,815 Sqft ∙ Built 2001
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 11162 Coco Lane Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2002
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 10646 Sweet Lilly Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Christopher Freeman
1.702.505.1569
Raintree Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255356
Last Updated: 12/30/2020
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