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4612 Dragon Fly Creek Avenue North Las Vegas, NV 89031

4 Beds 2 Baths 1,628 sqft Built 2010

$329,990

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $202.70
  • 6 Days on Market
  • MLS # : 2248828
  • Updated Date : 11/17/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Black & Cherry Real Estate

Listing Agent's Description

AMAZING LIGHT, BRIGHT & OPEN FLOORPLAN. Home is situation on an oversized corner lot in a gated community. This darling property features new flooring and paint t/o. Located in a prime location. Pristine walking trails, parks, playground & community pool for your enjoyment. Spotless and ready for move in..

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: Riverwalk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k374k

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

Neighborhood: Riverwalk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9671745

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$296,991$362,989$329,990

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,218
Property Tax -$242
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$197

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.

$329,990

PROJECTED PRICE

$1,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 3.5%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,197

INVESTMENT

$93,197

Down Payment
$82,498
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,498
Loan Amount $247,493
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,4404$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 4612 Dragon Fly Creek Avenue North Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.88
    •  
  • 5965 Palmilla Street #3 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,479 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,479 Sqft ∙ Built 2005
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.85
    •  
  • 5855 Valley #1094 North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.87
    •  
  • 5001 Running Rapids Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1999
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 6116 River Belle Street #0 North Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2011
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Alexis Ruck
1.702.985.9324
Black & Cherry Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248828
Last Updated: 11/17/2020
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