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4757 Arial Ridge Street Las Vegas, NV 89147

4 Beds 3 Baths 2,078 sqft Built 2001

$369,888

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $178.00
  • 3 Days on Market
  • MLS # : 2249555
  • Updated Date : 11/20/2020 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,078 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous 2 story 4 bedroom home with 2 car garage in Modena gated community. Walk inside to a cozy living room with stunning high ceilings. Family room features gas fireplace, ceiling fan light, and is open to the dining area and kitchen that boasts a island, garden window, recessed lighting, and pantry! Sliding door from the dining area leads you to the private backyard with covered patio featuring a ceiling fan! Upstairs boasts 4 bedrooms all with ceiling fan/lights. Cozy master bedroom has walk in closet and master bathroom with double sinks and separate shower and tub. VIEW TODAY

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chateau Nouveau

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Chateau Nouveau

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10241649

* 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
 

$332,899$406,877$369,888

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,365
Property Tax -$230
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$211

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.

$369,888

PROJECTED PRICE

$1,570

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.6%
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$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,770

INVESTMENT

$103,770

Down Payment
$92,472
Rehab Estimate
$5,750
Closing Costs
$5,548

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,472
Loan Amount $277,416
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,6004$1,6755$1,725
$1,725
RENT COMPS ANALYSIS
  • 4757 Arial Ridge Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.76
    •  
  • 10022 San Gervasio Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2001
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
  • 10095 San Gervasio Avenue Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2001
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 9964 Canyon Peak Drive #0 Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2001
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.81
    •  
  • 10043 Capistrello Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2001
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.84
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
1.702.310.6683
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249555
Last Updated: 11/20/2020
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