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4532 Catfish Bend Road North Las Vegas, NV 89031

4 Beds 3 Baths 1,672 sqft Built 2009

$384,999

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $230.26
  • 5 Days on Market
  • MLS # : 2270507
  • Updated Date : 02/19/2021 at 05:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,672 sqft
  • Baths : 3 full
Listing Agent

Love Local Real Estate

Listing Agent's Description

LOOK NO FURTHER*MOVE IN READY SINGLE STORY 4 BED*3 FULL BATH IN A GATED COMMUNITY CLOSE TO RESTAURANTS* SHOPPING AND EASY ACCESS TO HIGHWAY. THIS IMMACULATE HOME FEATURES 3 BEDROOM AND 2 FULL BATHS INSIDE WITH AN ATTACHED CASITA IN THE FRONT GATED COURTYARD*CASITA ADDS ANOTHER 250 SQ. FT TO HOME*CASITA HAS NEW FRENCH DOORS*FULL BATH*WALK-IN CLOSET*ENTIRE HOME HAS FRESH PAINT*NEW DISHWASHER*NEW TOILETS*A/C SERVICED AND DUCTS CLEANED* OWNER SPENT OVER 20K IN LANDSCAPING THE FRONT & HUGE BACK YARD*CLOVERS PLANTED TO GROW AROUND WALKWAY PAVERS*FIRE PIT & BENCHES STAY*SWING SET CONVEYS*FRESH PAINT*MOTION SENSOR SECURITY LIGHTS*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Riverwalk Ranch Cove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $110k309k

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

Neighborhood: Riverwalk Ranch Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$346,499$423,499$384,999

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,337
Property Tax -$294
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$340

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.

$384,999

PROJECTED PRICE

$1,470

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.8%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,749
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,4004$1,4705$1,495
$1,495
RENT COMPS ANALYSIS
  • 4532 Catfish Bend Road North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,672 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,672 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.88
    •  
  • 4432 Oberlander Avenue North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2005
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 4368 Altamira Cave Drive North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2004
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 5733 Mount Athos Street North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2004
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 4825 Sparkling Sky Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2002
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
PROPERTY LISTING DETAILS
Peggy J Collura
1.702.626.6002
Love Local Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270507
Last Updated: 02/19/2021
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