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4434 Marble Bay Circle Las Vegas, NV 89147

4 Beds 3 Baths 1,883 sqft Built 1997

$294,990

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $156.66
  • 3 Days on Market
  • MLS # : 2255626
  • Updated Date : 12/18/2020 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,883 sqft
  • Baths : 3 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

WOW!! 4 Bedrooms, 1 DOWN With FULL BATH, END OF CUL-DE-SAC, NO HOA, LONG DRIVEWAY, PARADISE! What Are You Waiting For? Thousands Below Market Value, This Light and Bright Floorplan Offers High Vaulted Ceilings Throughout, Separate Living and Dining Rooms, Large Family Room off of the Huge Island Kitchen w/Bay Window and Nook! Mother-In-Law Suite Downstairs and 3 Large Bedrooms up. The Massive Primary Bedroom with an Unbelievable Master Spa Area to Get Ready to Stay Home In!! Wine and Romance not included. Huge Private Back and Front Yards are Both Desert Landscaped and Ready for a Creative Idea to Call PARADISE! Remember, NO HOA! Sold AS-IS!

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: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10361658

* 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
Roger M. Bryan Elementary School Primary Regular 651 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Roger M. Bryan Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$265,491$324,489$294,990

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,088
Property Tax -$189
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$200

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.

$294,990

PROJECTED PRICE

$1,660

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,922

INVESTMENT

$83,922

Down Payment
$73,748
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,748
Loan Amount $221,243
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$45,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6603$1,6904$1,7005$1,790
$1,790
RENT COMPS ANALYSIS
  • 4434 Marble Bay Circle Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.88
    •  
  • 7936 Bridgefield Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1996
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 8002 Barntucket Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2012
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.87
    •  
  • 4619 Bear Island Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2012
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 7887 Barntucket Avenue #0 Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2011
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.94
    •  
PROPERTY LISTING DETAILS
Daniel F Prorok
1.702.528.4277
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255626
Last Updated: 12/18/2020
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