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4720 Denaro Drive Las Vegas, NV 89135

2 Beds 3 Baths 2,234 sqft Built 2001

INVESTimate

$519,900

List Price

$2,250

$2,025 - $2,475

Rent Est.

$554,629  ( +6.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $232.72
  • 10 Days on Market
  • MLS # : 2220916
  • Updated Date : 08/18/2020 at 11:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,234 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

LOCATED IN BERSAGLIO*PREMIER PART OF SIENA*GUARD GATED & AGE QUALIFIED COMMUNITY*GOLF, TENNIS & PICKLE BALL*PET PARK*INDOOR & OUTDOOR POOLS/SPAS*WALKING DISTANCE FROM CLUBHOUSE*THIS FLOOR PLAN FEATURES 2 MASTER BEDROOM SUITES*1ST MASTER SUITE W/PLANTATION SHUTTERS*CLOSET W/CUSTOM ORGANIZERS*SOAKING TUB & SEP ENCLOSED SHOWER*DOUBLE VANITIES*OFFICE WITH CUSTOM BUILT INS AND FRENCH DOORS*FORMAL LIVING ROOM W/BUILT IN*LOTS OF WINDOWS*LIVING ROOM W/LARGE WINDOW*KITCHEN WITH LOTS OF CABINETS & STAINLESS STEEL APPLIANCES*ADDITIONAL STORAGE IN LAUNDRY ROOM*SPACIOUS GARAGE*2ND MASTER W/BAY WINDOW*MASTER BATH WITH DOUBLE VANITIES AND MAKE UP AREA*CEILING FANS INSIDE AND OUTSIDE ON PATIO*UPGRADED LIGHTING PACKAGE*OPEN AND AIRY LAYOUT WITH TALL CEILINGS AND ARCHITECTURAL ACCENTS*SLIDERS TO A BACK YARD WITH COVERED PATIO*LOW MAINTENANCE LANDSCAPING*DEFINITELY MUST SEE IN SIENA! CONTACT US FOR A LINK TO A DIGITAL WALK THROUGH OF THIS HOME!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k432k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762324

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

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

$467,910$571,890$519,900

PURCHASE PRICE

$2,025$2,475$2,250

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,918
Property Tax -$293
Property Insurance -$70
HOA -$693
Property Management Fees -$119
CASH FLOW
-$844

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.

$519,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.68%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,918

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$59

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,441

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,4204$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 4720 Denaro Drive Las Vegas, NV 2
    • 2 beds 3 baths ∙ 2,234 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,234 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
  • 4917 Leffetto Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 4263 Fiore Bella Las Vegas, NV 3
    • 2 beds 3 baths ∙ 2,309 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,309 Sqft ∙ Built 2001
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.05
    •  
  • 10543 Bambola Place Las Vegas, NV 4
    • 2 beds 2 baths ∙ 2,216 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,216 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.13
    •  
  • 4462 Monte San Savino Las Vegas, NV 5
    • 2 beds 1 baths ∙ 2,216 Sqft ∙ Built 2005 2 beds 1 baths ∙ 2,216 Sqft ∙ Built 2005
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Natalya Kattau
1.702.249.0211
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2220916
Last Updated: 08/18/2020
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