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4756 Golden Shimmer Avenue Las Vegas, NV 89139

3 Beds 3 Baths 1,546 sqft Built 2007

$275,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $177.88
  • 4 Days on Market
  • MLS # : 2269327
  • Updated Date : 02/13/2021 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

This is the one! Come visit this beautiful 3 bedroom, 2.5 bath home in the highly requested SW area. Enjoy elegant wood laminate, tile, and carpet throughout. Modern upgrades include mission stair railing, 4 panel doors, faux wood blinds, and ceiling fans in every room. Your kitchen features stainless fixtures, granite counters, island, and pantry. There is no one directly behind the home and it sits on a cul-de-sac road, so there is no through traffic. Within 2 miles of the 15, 215, Silverton, a 7-acre park, a 9-acre equestrian park, and tons of shopping and restaurants. You’re going to LOVE this home, come see it today!

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$955
Property Tax -$187
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$201

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.

$275,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$37,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5204$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 4756 Golden Shimmer Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.98
    •  
  • 8317 Brilliant Ruby Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2004
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 4860 Golden Shimmer Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 2007
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 8271 Pearl Diver Court Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2010
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 4719 Golden Shimmer Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2007
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chad J Roberts
1.702.579.5677
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269327
Last Updated: 02/13/2021
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