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4710 Laguna Vista Street Las Vegas, NV 89147

6 Beds 5 Baths 4,396 sqft Built 1996

$589,888

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $134.19
  • 4 Days on Market
  • MLS # : 2263421
  • Updated Date : 01/23/2021 at 16:25
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,396 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Gorgeous updated 2 story home located in Granada Hills, a guard gated community in the Southwest. This home features 4,396 sq. ft. (404 square meters), 3 car garage, a total of 6 bedrooms, dual masters (up & down), formal front living & dining room, family room, sizable chef's kitchen has a plethora of cabinets & countertop space, all appliances, a walk-in pantry, island, bar area, and a quaint sit in eating area, the upstairs master bedroom is voluminous and comes with a large sitting area and cozy fireplace, the upstairs master bathroom features a garden tub and separate shower, dual sinks, and 2 sizable his and her closets, the downstairs master bedroom is substantial in size, has a toasty fireplace, and a custom closet with wine fridge and coffee bar, the backyard is lush, green, comes with real grass, and a perfect place to entertain, all bedrooms have good-sized rooms and closets, and last but not least fine details such as new lighting and chandeliers.

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: 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
 

$530,899$648,877$589,888

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,049
Property Tax -$370
Property Insurance -$112
Property Management Fees -$119
CASH FLOW
$270

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.

$589,888

PROJECTED PRICE

$2,920

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,070

INVESTMENT

$162,070

Down Payment
$147,472
Rehab Estimate
$5,750
Closing Costs
$8,848

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,472
Loan Amount $442,416
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$64,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,901

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9203$2,950
$2,950
RENT COMPS ANALYSIS
  • 4710 Laguna Vista Street Las Vegas, NV 2
    • 6 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996 6 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.66
    •  
  • 8930 Lansberry Court Las Vegas, NV 1
    • 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 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.67
    •  
PROPERTY LISTING DETAILS
Danielle M Hess
1.702.498.5622
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263421
Last Updated: 01/23/2021
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