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4534 Fiore Bella Boulevard Las Vegas, NV 89135

2 Beds 1 Baths 2,306 sqft Built 2002

$715,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $310.06
  • 2 Days on Market
  • MLS # : 2270077
  • Updated Date : 02/14/2021 at 03:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,306 sqft
  • Baths : 1 full
Listing Agent

Award Realty

Listing Agent's Description

EXCELLENT 'GOLF' COURSE PROPERTY W MOUNTAIN VIEWS, GATED COURTYARD ENTRY, FULLY FENCED REAR W/ LARGE DECK, TRELLIS & COVERED PATIO, '7110' MODEL, APPROX 2306/SF, PRIMARY (MASTER) W/ BAY WINDOWS & 3 CLOSETS, LG EXTENDED GUEST BEDROOM THAT IS A SEPARATE SUITE, 2 BATH, OPEN DEN, GREAT RM W/ NOOK AREA, GOURMET KITCHEN W/ GRANITE COUNTERS, DOUBLE OVEN, GAS COOKTOP, WALK-IN PANTRY, LIVING & DINING ROOM COMBINATION MAKING THIS AN ENTERTAINING FLOOR PLAN FOR ALL TO ENJOY TOGETHER, LAUNDRY RM W/ WASHER & DRYER & CABINETRY, ALARM, PORCELAIN TILE, FANS, NEUTRAL TONES T/O, WATER FILTRATION SYSTEM, FAUX SOD, 2 CAR GARAGE W/ STORAGE, PLUS MUCH MORE!

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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: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k432k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762324

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,483
Property Tax -$350
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$324

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.

$715,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$22,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,444

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3953$2,4004$2,4205$2,700
$2,700
RENT COMPS ANALYSIS
  • 4534 Fiore Bella Boulevard Las Vegas, NV 5
    • 2 beds 1 baths ∙ 2,306 Sqft ∙ Built 2002 2 beds 1 baths ∙ 2,306 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.17
    •  
  • 4917 Leffetto Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 10439 Luna Magico Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.05
    •  
  • 10366 Premia Place Las Vegas, NV 3
    • 2 beds 3 baths ∙ 2,216 Sqft ∙ Built 2004 2 beds 3 baths ∙ 2,216 Sqft ∙ Built 2004
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 4263 Fiore Bella Las Vegas, NV 4
    • 2 beds 3 baths ∙ 2,309 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,309 Sqft ∙ Built 2001
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.05
    •  
PROPERTY LISTING DETAILS
Karen Bye
1.702.429.9190
Award Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270077
Last Updated: 02/14/2021
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