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456 Astillero Street Las Vegas, NV 89138

4 Beds 2 Baths 2,324 sqft Built 2015

$674,800

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $290.36
  • 5 Days on Market
  • MLS # : 2262870
  • Updated Date : 01/22/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,324 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Views, views, views! Hard to find & one-of-a-kind split level home in gated Summerlin West community w/ the most breathtaking scenery from main living area, balcony AND rooftop deck. Located in lower level is a Media room, 3/4 Bath, laundry room & spacious Master suite w/ custom walk-in closet, Bathroom w/ tub & shower. Upper level is main living area, 2 BR w/ new carpet, office w/ closet (poss. 4th BR) & kitchen. TONS of upgrades throughout - tankless water heater, water softener, built-in surround sound, custom built-in media center w/ projector & screen, quartz countertops in kitchen, new paint throughout, Nest doorbell integrated w/ Google Home, epoxy garage floor & insulated garage door, ceramic flooring, Energy Efficient windows throughout, & more! Rooftop deck furniture stay w/ home. Easy to maintain backyard w/ synthetic grass & separate doggy run. Near Downtown Summerlin, community parks & trails. Zoned for 5 star Vassiladis ES. This entertainers dream home WILL NOT last long!

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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$607,320$742,280$674,800

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,344
Property Tax -$465
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$440

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.

$674,800

PROJECTED PRICE

$2,560

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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

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$184,572

INVESTMENT

$184,572

Down Payment
$168,700
Rehab Estimate
$5,750
Closing Costs
$10,122

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,344

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,700
Loan Amount $506,100
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,556

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5504$2,5605$2,700
$2,700
RENT COMPS ANALYSIS
  • 456 Astillero Street Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.10
    •  
  • 440 Trevinca Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2015
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
  • 11819 Mino Rio Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2017
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 11911 Montanesa Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 2016
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.09
    •  
  • 11815 Mino Rio Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2017
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.14
    •  
PROPERTY LISTING DETAILS
Javier M Mendez
1.702.241.0909
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262870
Last Updated: 01/22/2021
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