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4534 Blue Mesa Way Las Vegas, NV 89129

5 Beds 3 Baths 3,223 sqft Built 2001

$840,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $260.63
  • 2 Days on Market
  • MLS # : 2268279
  • Updated Date : 02/06/2021 at 20:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,223 sqft
  • Baths : 2 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

Gorgeous Mutli-Gen Oasis in Gated all Custom Neighborhood on almost ½ an acre! All bedrooms are En Suites with attached bathrooms & walk-in closets. Kitchen has custom upgraded cabinets, walk-in pantry & Granite counters. Primary bedroom retreat with fireplace, custom walk-in closet, built-ins & huge bathroom that includes bidet & Jacuzzi jetted tub. Beautiful custom luxury details throughout; Cherry wood cabinets & built-ins, custom valances, double sided Fireplace, french doors, Crown Molding and decorative designer entryway tile. Separate 440 sq ft.Casita with its own bathroom, 2 private entryways ,a walk-in closet & vaulted ceilings. Private resort feel backyard with mature Landscaping, Fruit trees, Basketball court and no rear neighbors.Huge Lap Pool w/ Solar Heating.RV parking with electronic keypad RV gate, 2 dog runs, huge built-in storage room & the 3 car Garage has overhead & cabinet storage. Owned Solar Panels for great energy savings. Don't miss this beautiful home!

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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: 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
 

$756,000$924,000$840,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,918
Property Tax -$489
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$1,016

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.

$840,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.31%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,918

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,603

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5953$2,6004$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 4534 Blue Mesa Way Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,223 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,223 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 3925 Larkcrest Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,215 Sqft ∙ Built 1999 4 beds 2 baths ∙ 3,215 Sqft ∙ Built 1999
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 4645 Cimarron Road Las Vegas, NV 2
    • 6 beds 3 baths ∙ 3,172 Sqft ∙ Built 1988 6 beds 3 baths ∙ 3,172 Sqft ∙ Built 1988
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.82
    •  
  • 8265 West Craig Road #0 Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 1992
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
  • 8073 Mackenzie Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
PROPERTY LISTING DETAILS
Patricia Schoonmaker
1.702.759.2003
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268279
Last Updated: 02/06/2021
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