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4796 Woodland Avenue Las Vegas, NV 89121

2 Beds 2 Baths 964 sqft Built 2005

$165,000

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $171.16
  • 3 Days on Market
  • MLS # : 2264686
  • Updated Date : 01/29/2021 at 23:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 964 sqft
  • Baths : 2 full
Listing Agent

Century 21 Gavish Real Estate

Listing Agent's Description

This single story home sits on a corner lot and has a large backyard. Two bedrooms, two bathrooms and a two car garage. Great room floorplan with a dine-in kitchen that has a center island. Master bedroom with attached bathroom that has double sinks. Whether you're looking for a new place to call home or an investment property this one checks all of the boxes so don't wait, it's priced to sell and won't last long!

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: 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
Laura Dearing Elementary School Primary Regular 770 47 4
Jerome Mack Middle School Middle Regular 1,275 56 NA
Chaparral High School High Regular 2,270 87 3

Laura Dearing Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
4
GreatSchools Rating

Jerome Mack Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 56
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$573
Property Tax -$130
Property Insurance -$46
Property Management Fees -$119
CASH FLOW
$172

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.

$165,000

PROJECTED PRICE

$1,040

PROJECTED RENT

0.63%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$24,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,040

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $962

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$8953$9504$9505$1,040
$1,040
RENT COMPS ANALYSIS
  • 4796 Woodland Avenue Las Vegas, NV 5
    • 2 beds 2 baths ∙ 964 Sqft ∙ Built 2005 2 beds 2 baths ∙ 964 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,040
    • $1.08
    •  
  • 2963 Juniper Hills Bl Boulevard #101 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 891 Sqft ∙ Built 1987 2 beds 2 baths ∙ 891 Sqft ∙ Built 1987
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $1.00
    •  
  • 2979 Juniper Hills Boulevard #102 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 896 Sqft ∙ Built 1987 2 beds 2 baths ∙ 896 Sqft ∙ Built 1987
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $1.00
    •  
  • 2725 Nellis Boulevard #1041 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,029 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,029 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.92
    •  
  • 2965 Juniper Hills Boulevard #203 Las Vegas, NV 4
    • 2 beds 2 baths ∙ 889 Sqft ∙ Built 1987 2 beds 2 baths ∙ 889 Sqft ∙ Built 1987
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Todd L Butwinick
1.702.429.1133
Century 21 Gavish Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264686
Last Updated: 01/29/2021
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