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4608 Lilliput Lane Las Vegas, NV 89102

4 Beds 1 Baths 1,716 sqft Built 1963

$250,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $145.69
  • 3 Days on Market
  • MLS # : 2276394
  • Updated Date : 03/06/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,716 sqft
  • Baths : 1 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Home features: 4 bedrooms & 2 baths!! Nice living room w/ wood burning fireplace!! Kitchen w/ solid countertops & dining area!! No HOA Dues!! Spacious yard w/ patio & desert landscape!! In close proximity to schools, shopping & dining!! Don’t miss out, Make an offer today!!

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

Zip Code: 89102

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Zip Code: 89102

ZipNIR 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
Vegas Verdes Elementary School Primary Regular 543 25 8
James Cashman Middle School Middle Magnet 1,601 61 NA
Ed W. Clark High School High Magnet 3,066 129 7

Vegas Verdes Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 25
8
GreatSchools Rating

James Cashman Middle School

  • Education Level: Middle
  • # of students: 1,601
  • # of teachers: 61
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$868
Property Tax -$120
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
$252

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.

$250,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.4%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$39,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4203$1,4304$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 4608 Lilliput Lane Las Vegas, NV 2
    • 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.83
    •  
  • 2900 Matterhorn Way Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1973
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 3009 Matterhorn Way #- Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1963
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.90
    •  
  • 4624 Cinderella Lane Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1963
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 4605 Cinderella Lane #0 Las Vegas, NV 5
    • 4 beds 1 baths ∙ 1,822 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,822 Sqft ∙ Built 1963
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
PROPERTY LISTING DETAILS
Richard E Turley
1.702.637.0640
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276394
Last Updated: 03/06/2021
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