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4716 Mohawk River Avenue North Las Vegas, NV 89031

4 Beds 3 Baths 2,357 sqft Built 2007

$407,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $172.68
  • 3 Days on Market
  • MLS # : 2270517
  • Updated Date : 02/21/2021 at 04:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Absolute Attention to Detail. Vaulted Ceilings Illuminate Open Floor Plan w/beautiful clean flooring throughout & custom shutters. Expansive kitchen delivers an abundance of gorgeous granite counters, open counter seating, a large pantry and an amazing amount of storage. Great Room layout allows you to prepare meals while enjoying family & guests. Spacious separation for flexible living. Generous & Private Primary suite has a bay window, walk-in closet w/built-ins to keep you organized, tons of vanity space, dual sinks, large soaking tub & separate shower. Two Oversized separate bedrooms means you have option for an office, craft room or whatever suits your needs. Mult-Gen living available w/another separate bedroom & ensuite full bath. Custom Front Entry Door, Security System & Cameras for added security. Relax under your covered patio while BBQ’ing & dining alfresco or relax listening to the soothing fountain. Located in gated all single story community* Close to all amenities.

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: Riverwalk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k374k

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

Neighborhood: Riverwalk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9671745

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$366,300$447,700$407,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,414
Property Tax -$320
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$186

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.

$407,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,605

INVESTMENT

$113,605

Down Payment
$101,750
Rehab Estimate
$5,750
Closing Costs
$6,105

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,750
Loan Amount $305,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7404$1,7955$1,940
$1,940
RENT COMPS ANALYSIS
  • 4716 Mohawk River Avenue North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.74
    •  
  • 5438 Winterdale Street North Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 2003
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 5448 Desert Paradise Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1997
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.72
    •  
  • 6129 Crystal Talon Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,275 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,275 Sqft ∙ Built 2000
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 5725 Bullhead Street North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 2009
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.81
    •  
PROPERTY LISTING DETAILS
Cheryl A Van Elsis
1.702.612.7777
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270517
Last Updated: 02/21/2021
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