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4460 Wilder Place Las Vegas, NV 89121

4 Beds 3 Baths 2,279 sqft Built 1977

$399,999

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $175.52
  • 7 Days on Market
  • MLS # : 2266044
  • Updated Date : 02/04/2021 at 00:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,279 sqft
  • Baths : 2 full , 1 half
Listing Agent

Turn Key Property Solutions

Listing Agent's Description

Welcome Home! This is truly a toy lovers dream! Double RV gates - enough room for your RV, boat, trailer and then some! Enclosed storage unit comes with the house. This is a one owner home and has been meticulously cared for. Non-smoking and pet free. 4 spacious bedrooms, 2 1/2 baths with a 3 car garage. 2279 Sq Ft. Front living room with a separate family room and fireplace. Formal dining room. Beautiful kitchen recently upgraded to granite countertops with pantry and plenty of storage space. Master bedroom has En-suite bath with recently remodeled walk-in shower. Covered patio stretches across the entire back of house. Mature landscaping on huge oversized lot with room for a large pool. Security system. Move in ready!

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
George E. Harris Elementary School Primary Regular 700 38 3
C W Woodbury Middle School Middle Regular 902 39 NA
Chaparral High School High Regular 2,270 87 3

George E. Harris Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 38
3
GreatSchools Rating

C W Woodbury Middle School

  • Education Level: Middle
  • # of students: 902
  • # of teachers: 39
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,389
Property Tax -$181
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$60

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.

$399,999

PROJECTED PRICE

$1,700

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,8504$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 4460 Wilder Place Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
  • 3552 Sierra Patricia Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1993
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 3178 Swallow Lane #0 Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1977
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 4612 Garita Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,578 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,578 Sqft ∙ Built 1978
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 4754 Monaco Road Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1975
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Mckenzie Baquedano
1.702.354.3630
Turn Key Property Solutions
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266044
Last Updated: 02/04/2021
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