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4608 Mission Meadow Circle Las Vegas, NV 89139

4 Beds 4 Baths 2,447 sqft Built 2007

$389,990

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $159.37
  • 3 Days on Market
  • MLS # : 2250825
  • Updated Date : 11/27/2020 at 13:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,447 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

STUNNING 3-story home located in the booming Southwest Las Vegas Area! This home features 4 bedrooms, 4 baths, formal dining room, loft, additional downstairs living area, 2 car garage and a POOL!! The Kitchen consists of recessed lighting throughout and beautiful granite countertops that magnify the updated kitchen cabinets! Ceiling fans in every room! Balcony from the formal dining room that oversees the AMAZING backyard from the second floor! Additional living area downstairs with its own mini-master bedroom, living room, backyard access and huge storage area! Backyard ready to entertain! Paved sitting area! No landscape for easy maintenance! IMPECCABLY CLEAN & MOVE-IN READY! IT WILL NOT LAST!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

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

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$350,991$428,989$389,990

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,439
Property Tax -$292
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$185

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.

$389,990

PROJECTED PRICE

$1,740

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$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$109,097

INVESTMENT

$109,097

Down Payment
$97,498
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,498
Loan Amount $292,493
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7403$1,8254$1,8755$1,950
$1,950
RENT COMPS ANALYSIS
  • 4608 Mission Meadow Circle Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,447 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,447 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.71
    •  
  • 8336 Rose Quartz Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 2004
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 4506 Camero Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,611 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,611 Sqft ∙ Built 2012
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.70
    •  
  • 8431 Golden Amber Street #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,612 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,612 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.72
    •  
  • 8419 Golden Amber Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,611 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,611 Sqft ∙ Built 2012
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
PROPERTY LISTING DETAILS
Matt Suiter
1.702.772.4927
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250825
Last Updated: 11/27/2020
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