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466 Rosina Vista Street Las Vegas, NV 89138

3 Beds 4 Baths 3,619 sqft Built 2015

$975,000

List Price

$3,820

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $269.41
  • 3 Days on Market
  • MLS # : 2248226
  • Updated Date : 11/20/2020 at 11:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,619 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rob Jensen Company

Listing Agent's Description

Modern, open plan Paseos 2-story w/theater. Heavily upgraded. Porcelain tile, steel & stone details, & wall-mounted TVs in almost every room. Kitchen w/stainless GE Monogram & LG appliances, waterfall edge island, walk-in pantry, & dining nook. Great room w/20' ceilings, impressive floor-to-ceiling fireplace feature, & oversized glass sliders that open to covered loggia. Rear yard w/spacious patio, turf lawn, & pergola. Primary bedroom down w/yard access, walk-in closet, dual vanities & generous shower w/integrated bathtub. Theater room w/built-in surround sound & tiered floors for seating. Loft opens to balcony w/mountain views to the south. Two main-level private dens. Nearby pedestrian gate to trail system that connects the 12-acre Paseos Park to the 11.27-acre adventure & climbing-themed Fox Hill Park. Minutes from Red Rock Canyon, Downtown Summerlin, Red Rock Casino Resort & Spa, & some of the most desirable schools in the valley.

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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

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

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,438$4,202$3,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,820
EXPENSES Loan Payment -$3,597
Property Tax -$708
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
-$702

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.

$975,000

PROJECTED PRICE

$3,820

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$19,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,820

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $4,135

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,8204$3,9955$4,500
$4,500
RENT COMPS ANALYSIS
  • 466 Rosina Vista Street Las Vegas, NV 3
    • 3 beds 4 baths ∙ 3,619 Sqft ∙ Built 2015 3 beds 4 baths ∙ 3,619 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,820
    • $1.06
    •  
  • 948 White Feather Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
  • 12049 La Palmera Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2006
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.12
    •  
  • 928 White Feather Lane Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.13
    •  
  • 869 Las Palomas Drive #0 Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 2006
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.30
    •  
PROPERTY LISTING DETAILS
Rob W Jensen
1.702.605.7482
Rob Jensen Company
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248226
Last Updated: 11/20/2020
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