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453 Mountain Villa Drive Las Vegas, NV 89110

4 Beds 4 Baths 4,550 sqft Built 2001

INVESTimate

$698,000

List Price

$2,520

$2,270 - $2,770

Rent Est.

$787,135  ( +12.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $153.41
  • 8 Days on Market
  • MLS # : 2222823
  • Updated Date : 08/19/2020 at 10:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,550 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Stunning home with renovations and upgrades throughout! Huge Master Bedroom with balcony overlooking the incredible backyard. Entertainer's dream with it's own covered BBQ grill area/outside kitchen and beautiful swimming pool and grass area. RV Parking with hookup and 2 2 20 AMP in garage as well for your electric car. Mountain Views. This home comes with the option to buy furnished!! This is the time to buy a home that looks just like a staged model!! 3D Tour available so you can preview this home as if you were walking right through through the home.

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Kirk Adams Elementary School Primary Regular 509 27 4
Duane Keller Middle School Middle Regular 1,257 56 NA
Las Vegas High School High Regular 3,077 121 4

Kirk Adams Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 27
4
GreatSchools Rating

Duane Keller Middle School

  • Education Level: Middle
  • # of students: 1,257
  • # of teachers: 56
NA
GreatSchools Rating

Las Vegas High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 121
4
GreatSchools Rating
 

$628,200$767,800$698,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,575
Property Tax -$429
Property Insurance -$115
HOA -$80
Property Management Fees -$119
CASH FLOW
-$799

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.

$698,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,720

INVESTMENT

$190,720

Down Payment
$174,500
Rehab Estimate
$5,750
Closing Costs
$10,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,575

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,500
Loan Amount $523,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $2,503

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5003$2,520
$2,520
RENT COMPS ANALYSIS
  • 453 Mountain Villa Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 4,550 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,550 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.55
    •  
  • 1505 Midnight Cowboy Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,298 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,298 Sqft ∙ Built 2006
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.53
    •  
  • 1496 Midnight Cowboy Court Las Vegas, NV 2
    • 4 beds 4 baths ∙ 4,391 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,391 Sqft ∙ Built 2006
    LEASED 03/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.57
    •  
PROPERTY LISTING DETAILS
Daniela Mejia
1.702.273.8221
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222823
Last Updated: 08/19/2020
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