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4753 Judson Las Vegas, NV 89115

3 Beds 2 Baths 1,296 sqft Built 1959

$450,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $347.22
  • 6 Days on Market
  • MLS # : 2281025
  • Updated Date : 03/24/2021 at 01:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Faranesh Real Estate

Listing Agent's Description

Amazing investment opportunity. This property sits on nearly a one acre lot with no HOA. Not your typical property. Included on the property are two rented single family homes, and one vacant trailer (needs to be remodeled). The property is also rented to vendors storing cars and a landscaper. The current rental income is around $2650/month but has potential to collect $3600-$4000 a month once the trailer is rehabbed and rented. This property also is zoned for horses contingent on the property permits and approvals through clark county. Whether you are looking for an income generating property, a property for horses or a home to live in while still collecting rent this property has it all. Current rentals are all month to month. A must see opportunity that will not last.

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Ann Lynch Elementary School Primary Regular 720 37 1
Mario C And Joanne Monaco Middle School Middle Regular 1,426 53 NA
Sunrise Mountain High School High Regular 2,526 113 2

Ann Lynch Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 37
1
GreatSchools Rating

Mario C And Joanne Monaco Middle School

  • Education Level: Middle
  • # of students: 1,426
  • # of teachers: 53
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$1,563
Property Tax -$136
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$761

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,118

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,1103$1,2504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 4753 Judson Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.86
    •  
  • 3700 Nelson Avenue Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.83
    •  
  • 3212 Taylor Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1960
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 4924 Canyon Creek Road Las Vegas, NV 4
    • 4 beds 1 baths ∙ 1,551 Sqft ∙ Built 1979 4 beds 1 baths ∙ 1,551 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 4632 Diamond Head Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
PROPERTY LISTING DETAILS
Wasim Faranesh
1.702.536.9000
Faranesh Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2281025
Last Updated: 03/24/2021
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