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4644 Stuttgart Street Las Vegas, NV 89147

4 Beds 4 Baths 4,396 sqft Built 2000

INVESTimate

$559,990

List Price

$2,780

$2,530 - $3,030

Rent Est.

$615,485  ( +9.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $127.39
  • 2 Days on Market
  • MLS # : 2224519
  • Updated Date : 08/25/2020 at 11:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,396 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Beautiful 4 Bedroom, 5 Bath Home in a Guard Gated Roving Security Community! Spacious Kitchen with Island Gas Cooktop, Double Ovens, Breakfast Bar, Great for Entertaining! Large Bedrooms & Loft. HUGE Family Room off of the Kitchen with Wet Bar, Glass Shelving, Refrigerator & Sink. Generous Master Bedroom with 3 Custom Built-In Closets, Master Bath with Stunning Marble Surrounds. Backyard features a Covered Patio and Waterfall Feature Spa. It's a MUST SEE!!!

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Patricia A Bendorf. Elementary School Primary Regular 707 36 9
Lawrence Junior High School Middle Regular 1,421 61 NA
Durango High School High Regular 2,302 95 5

Patricia A Bendorf. Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 36
9
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$503,991$615,989$559,990

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,066
Property Tax -$396
Property Insurance -$112
HOA -$177
Property Management Fees -$119
CASH FLOW
-$90

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.

$559,990

PROJECTED PRICE

$2,780

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.91%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,147

INVESTMENT

$154,147

Down Payment
$139,998
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,998
Loan Amount $419,993
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$32,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,901

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8503$2,950
$2,950
RENT COMPS ANALYSIS
  • 4644 Stuttgart Street Las Vegas, NV 1
    • 4 beds 4 baths ∙ 4,396 Sqft ∙ Built 2000 4 beds 4 baths ∙ 4,396 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.63
    •  
  • 8930 Lansberry Court Las Vegas, NV 2
    • 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 2000
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.65
    •  
  • 8864 La Manga Avenue #0 Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.67
    •  
PROPERTY LISTING DETAILS
Richard H Emanuele
1.702.570.0073
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224519
Last Updated: 08/25/2020
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