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4750 Munstead Woods Court Las Vegas, NV 89130

3 Beds 3 Baths 1,498 sqft Built 2006

INVESTimate

$250,000

List Price

$1,290

$1,161 - $1,419

Rent Est.

$276,725  ( +10.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $166.89
  • 6 Days on Market
  • MLS # : 2223825
  • Updated Date : 08/24/2020 at 08:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,498 sqft
  • Baths : 3 full
Listing Agent

South West Realty Las Vegas

Listing Agent's Description

Meticulously maintained tri-story NW beauty with 3 bedrooms that all feature private full bathrooms. Private fenced yard on a quiet apron cul-de-sac location also close to guest parking. Home has ample storage areas, plus a convenient 2nd floor walk out balcony off the kitchen/dining area. Kitchen features solid surface counters and easy-care vinyl flooring. This is move-in ready with all appliances included plus washer and dryer! Full 2 car-garage. Close to shopping/dining and 215 and 95 freeway access, one block from Santa Fe Station casino.

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: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Ernest May Elementary School Primary Regular 665 33 8
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Cheyenne High School High Regular 2,212 91 2

Ernest May Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 33
8
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$922
Property Tax -$204
Property Insurance -$56
HOA -$62
Property Management Fees -$119
CASH FLOW
-$74

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.

$250,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.69%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,904

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,251

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3503$1,3954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 4750 Munstead Woods Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,498 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,498 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.86
    •  
  • 4778 Longstock Court Las Vegas, NV 2
    • 3 beds 4 baths ∙ 1,686 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,686 Sqft ∙ Built 2006
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 4782 Marwood Villa Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 2006
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 4754 Newby Hall Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 4505 Truscott Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,657 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,657 Sqft ∙ Built 2008
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Eugene K Yazzie
1.702.860.9155
South West Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223825
Last Updated: 08/24/2020
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