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4534 East Buddy Holly Court North Las Vegas, NV 89031

4 Beds 2 Baths 1,257 sqft Built 1994

$299,999

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $238.66
  • 3 Days on Market
  • MLS # : 2256615
  • Updated Date : 12/18/2020 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,257 sqft
  • Baths : 2 full
Listing Agent

Rothwell Gornt Companies

Listing Agent's Description

RARE FIND!! 4 Bedroom home, with no HOA, ON OVER A QUARTER ACRE, at the end of a cul-de-sac, and priced below 300k. Large front yard with desert landscaping and potential to add RV. You will notice the vaulted ceilings and open living area as soon as you enter. This home has tile throughout, was recently painted and has an open floor plan. Kitchen has modern white cabinets, granite counters, and stainless steel appliances. Bedrooms have a split floor plan separating guest rooms from the master. Master bed room is very spacious with a walk-in closet and sliding glass door that gains access to a private side yard. Master bath has a tub/shower combo and granite counter tops. There is a sun room leading into a large backyard. You rarely see a yard this size. Don't miss your chance to have so much outdoor living.

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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Addeliar Guy Elementary School Primary Regular 641 35 5
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Addeliar Guy Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 35
5
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,107
Property Tax -$164
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$42

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.

$299,999

PROJECTED PRICE

$1,400

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,112

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4004$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 4534 East Buddy Holly Court North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.11
    •  
  • 4924 Country Breeze Court #0 North Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1993
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
  • 5258 Cedar Bridge Court #0 North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 5324 Cholla Blossom Court North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 2000
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 5277 Toro Creek Court #0 North Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
PROPERTY LISTING DETAILS
Sam Cohen
1.702.884.8276
Rothwell Gornt Companies
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256615
Last Updated: 12/18/2020
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