Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4460 Chieftain Street Las Vegas, NV 89129

4 Beds 3 Baths 3,626 sqft Built 1992

$715,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $197.19
  • 8 Days on Market
  • MLS # : 2242675
  • Updated Date : 11/01/2020 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,626 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Single story with open floor plan, large kitchen with quartz counters and butcher block island, pull out shelves in kitchen and master bath, 4 bedrooms plus office/den, large playroom at back of house, 2 fireplaces, sunken living room, dual masters. Rear yard has grass for the kids and dogs, a fire pit, over sized pool and spa, covered patio. Located on a 1/2 acre lot with rv parking. Ice maker on back patio does not stay, all other appliances and pool table are negotiable. Solar panels are owned! Average electric cost is 20-

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,638
Property Tax -$393
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
-$178

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.

$715,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$39,960

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,055

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$3,0704$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 4460 Chieftain Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,626 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,626 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.85
    •  
  • 3657 Carol Lark Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
  • 4556 Clay Peak Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.85
    •  
  • 4724 El Presidente Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 8825 Hickam Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jennifer Mao
1.702.326.8806
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242675
Last Updated: 11/01/2020
BESbswy