Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4632 Deem Drive North Las Vegas, NV 89031

3 Beds 4 Baths 2,051 sqft Built 2009

INVESTimate

$343,500

List Price

$1,450

$1,305 - $1,595

Rent Est.

$380,632  ( +10.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $167.48
  • 7 Days on Market
  • MLS # : 2223601
  • Updated Date : 08/21/2020 at 11:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,051 sqft
  • Baths : 3 full , 1 half
Listing Agent

Neon Real Estate And Property

Listing Agent's Description

WOW!! Terrific Single Story Home With Over 2000 Square Feet Plus 3 Car Garage With Epoxy Floor!! All 3 Bedrooms With Their Own Baths!! Separate Master Bedroom!! 10 Foot Ceilings Throughout!! Kitchen Features Granite Counters, Stainless Steel Appliances Included, Island, Breakfast Bar, Walk-In Pantry!! Tile Floors in High Traffic Areas - Entry, Great Room, Kitchen!! Ceiling Fans Throughout!! Master Bath With Separate Tub and Shower, Walk-In Closet and Second Closet!! Laundry Room With Sink, Storage Cabinets, Washer, Dryer!! Low Maintenance Landscaping Front and Back With Trees, Shrubs, Desert Rock!! Driveway Pavers!! Courtyard Area!! Backyard Covered Patio!! Well Positioned Lot With No Home Directly Behind!! Better Hurry!! This One Can't Last!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $84k372k

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

Neighborhood: Lone Mountain Villas

NeighborhoodNIR 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
Raul Elizondo Elementary School Primary Regular 774 42 5
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

Raul Elizondo Elementary School

  • Education Level: Primary
  • # of students: 774
  • # of teachers: 42
5
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$309,150$377,850$343,500

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,267
Property Tax -$273
Property Insurance -$67
HOA -$45
Property Management Fees -$119
CASH FLOW
-$321

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.

$343,500

PROJECTED PRICE

$1,450

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.81%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,778

INVESTMENT

$96,778

Down Payment
$85,875
Rehab Estimate
$5,750
Closing Costs
$5,153

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,875
Loan Amount $257,625
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4504$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 4632 Deem Drive North Las Vegas, NV 4
    • 3 beds 4 baths ∙ 2,051 Sqft ∙ Built 2009 3 beds 4 baths ∙ 2,051 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 709 Fiesta Del Rey Avenue North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2007
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.74
    •  
  • 4729 Vincent Hill Court North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2003
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 4836 Celsion Rock Street #0 North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 2004
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 4846 Kite Shield Court North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 2003
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.71
    •  
PROPERTY LISTING DETAILS
Steve Cross
1.702.595.4241
Neon Real Estate And Property
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223601
Last Updated: 08/21/2020
BESbswy