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480 Venticello Drive Las Vegas, NV 89138

4 Beds 5 Baths 4,054 sqft Built 2018

$1,275,000

List Price

$4,280

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $314.50
  • 2 Days on Market
  • MLS # : 2256992
  • Updated Date : 12/26/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,054 sqft
  • Baths : 4 full , 1 half
Listing Agent

Easy Street Realty Las Vegas

Listing Agent's Description

Beautifully upgraded, semi custom Toll Brothers home with amazing city views in beautiful Altura. Stunning 20ft entrance with a custom marble wall and striking staircase. Bonus entry room w 15ft ceilings. Italian marble floors throughout the downstairs & real hardwood flooring in kitchen & family room. Gourmet kitchen with upgraded cabinets, Jenn-Air appliances, crushed marble countertops & large waterfall island. Bedroom/den/gym downstairs. Large loft with projection TV included. Stunning master, his/hers closets & large balcony with an oversize slider to a covered balcony with gorgeous city views. A second oversized slider off the dining area flows seamlessly into a charming side courtyard with an Italian marble fire pit. A third oversized slider flows from the family room to an entertainers outdoor space with the pool and spa, marble outdoor kitchen with built in BBQ, appliances, TV, and fire feature. Italian porcelain decking & 2 distinct seating areas.

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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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

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

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,852$4,708$4,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,280
EXPENSES Loan Payment -$4,704
Property Tax -$771
Property Insurance -$106
Property Management Fees -$119
CASH FLOW
-$1,420

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.

$1,275,000

PROJECTED PRICE

$4,280

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$5,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,280

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $4,338

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,575
1$3,5752$4,2803$4,5004$4,7005$4,950
$4,950
RENT COMPS ANALYSIS
  • 480 Venticello Drive Las Vegas, NV 2
    • 4 beds 5 baths ∙ 4,054 Sqft ∙ Built 2018 4 beds 5 baths ∙ 4,054 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $4,280
    • $1.06
    •  
  • 11550 Lampeter Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 4,144 Sqft ∙ Built 2004 3 beds 3 baths ∙ 4,144 Sqft ∙ Built 2004
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $0.86
    •  
  • 11511 Noors Avenue #0 Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 2032 Country Cove Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.14
    •  
  • 2022 Country Cove Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.16
    •  
PROPERTY LISTING DETAILS
Eric D Ludvigsen
1.702.373.8496
Easy Street Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256992
Last Updated: 12/26/2020
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