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4598 Rockland Break Court Las Vegas, NV 89147

4 Beds 3 Baths 1,911 sqft Built 2013

$418,888

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $219.20
  • 4 Days on Market
  • MLS # : 2244936
  • Updated Date : 11/05/2020 at 12:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,911 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

A Must See!  This wonderful Single story house will not last!  A beautiful corner lot house with patio and courtyard space,  Just perfect, Casita/inlaw unit, with separate entry with full bath.  Inside the main house, we have NEW paint, New flooring, New lights.  You will fall in love with this house in minutes.  On top of that, we have a gate entry for the community,  beautiful walking trails within.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10361658

* 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
Roger M. Bryan Elementary School Primary Regular 651 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Roger M. Bryan Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$376,999$460,777$418,888

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,546
Property Tax -$283
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$332

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.

$418,888

PROJECTED PRICE

$1,680

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,755

INVESTMENT

$116,755

Down Payment
$104,722
Rehab Estimate
$5,750
Closing Costs
$6,283

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,722
Loan Amount $314,166
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,997

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,753

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7003$1,7504$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 4598 Rockland Break Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.88
    •  
  • 8254 Minots Ledge Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2014
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 4556 Avery Rock Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2013
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 8207 Buffalo Ranch Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2013
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 8145 Minots Ledge Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2013
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jack Chung
1.415.203.9418
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244936
Last Updated: 11/05/2020
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