Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4555 Wyncrest Avenue Las Vegas, NV 89115

4 Beds 3 Baths 2,051 sqft Built 2019

$330,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $160.90
  • 3 Days on Market
  • MLS # : 2263707
  • Updated Date : 01/23/2021 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,051 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Americana

Listing Agent's Description

GORGEOUS CENTURY COMMUNITIES RIDGECREST HOME LOCATED IN THE HIGHLY DESIRABLE NORTHEAST LAS VEGAS AREA, NEAR SHOPPING, DINING, AND RECREATIONAL OPPORTUNITES. THIS HOME FEATURES A LARGE OPEN FLOOR PLAN, 4 BEDROOMS- MASTER BEDROOM IS PRIVATE FROM OTHER BEDROOMS, 3 BATHS AND A 2 CAR GARAGE WITH PAVERED DRIVE AND WALKWAYS. GOURMET KITCHEN WITH JAVA CABINETS AND FEATURES AN OVERSIZED ISLAND WITH GRANITE COUNTERTOP. HOME BACKS UP TO A WALKING TRAIL AND BOASTS A SPACIOUS AND RENOVATED BACKYARD! NUMEROUS UPGRADES AND SO MUCH MORE. DONT MISS YOUR OPPORTUNITY TO OWN A HOME IN THIS BEAUTIFUL COMMUNITY.

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: 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,146
Property Tax -$275
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$83

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.

$330,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.51%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$24,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,6004$1,6005$1,690
$1,690
RENT COMPS ANALYSIS
  • 4555 Wyncrest Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.82
    •  
  • 4340 Santa Clarita Avenue #0 North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 4409 Azure Avenue North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2006
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 4513 Silverado Sage Avenue North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2006
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 4320 Laguna Garden Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2005
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
PROPERTY LISTING DETAILS
Tina M Haugen
1.702.285.2377
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263707
Last Updated: 01/23/2021
BESbswy