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4624 Laurentia Avenue Las Vegas, NV 89141

4 Beds 4 Baths 3,005 sqft Built 2001

$595,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $198.00
  • 4 Days on Market
  • MLS # : 2247977
  • Updated Date : 11/13/2020 at 13:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,005 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

WHOA Honey, stop the car!!! Highly coveted single story in Southern Highlands Gated Laurentia... Let the inviting courtyard welcome you in while the beautiful backyard calls you back! Peaceful water feature, luscious green grass, pool-sized lot & huge covered patio are ready for your summer days!! Kitchen boasts granite counters, wall oven and built-in microwave, walk-in pantry, huge island w/ chef's hood & french door Samsung fridge. Fully finished garages, Laundry sink, office area, Spa-like retreat in Master bath...you cannot miss this one!!

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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Dennis Ortwein Elementary School Primary Unknown NA
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Dennis Ortwein Elementary School

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

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

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

$535,500$654,500$595,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,195
Property Tax -$383
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$342

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.

$595,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$18,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,442

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4404$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 4624 Laurentia Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,005 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,005 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.81
    •  
  • 4294 Santo Willow Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,202 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,202 Sqft ∙ Built 2004
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 4432 Villa Toscano Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,025 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,025 Sqft ∙ Built 2002
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 5052 Esposito Avenue Las Vegas, NV 4
    • 3 beds 4 baths ∙ 3,096 Sqft ∙ Built 2001 3 beds 4 baths ∙ 3,096 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
  • 10588 Isola Bella Street Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,967 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,967 Sqft ∙ Built 2001
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kristi K Weidauer
1.702.241.1675
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247977
Last Updated: 11/13/2020
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