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4805 Van Carol Drive Las Vegas, NV 89147

5 Beds 3 Baths 2,315 sqft Built 1993

$450,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $194.38
  • 6 Days on Market
  • MLS # : 2243308
  • Updated Date : 10/31/2020 at 15:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,315 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Vip

Listing Agent's Description

Welcome to this Gorgeous Oasis Style Home! 2,315sf, 4 Bed, (Optional 5 Bed), 3 Bath, 3 Car with an Entertainer's Backyard*Sparkling Pool, Basket Ball Area, Large Covered Patio and RV Parking*Private, Pie Shaped Backyard*Full Bed & Bath Downstairs*Soaring Vaulted Ceilings Make this Home Feel Bright & Open*Modern Kitchen with Custom Cabinets & Large Kitchen Island*High-End Stainless-Steel Appliances*4-Burner Gas Cooktop, Built in Oven and French Door Fridge with Double Freezer & Water/Ice Dispenser*Oversized Windows Flood this Lovely Home with Light*Huge Master Enjoys a Vaulted Ceiling & Overlooks the Backyard*Master bath has a Double Vanity & Separate Bath & Shower*Upstairs Bonus Room can be a Loft, One Large Bedroom or 2 Smaller Bedrooms*The Large 2nd Bed has a Fireplace & Could be a Games Room or a 2nd Master*Fully Tiled Downstairs*Fish Pond in the Backyard*Great Access to the 215, the Strip & Shopping*HOA just $15 per month*Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10361658

* 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
Frank Kim Elementary School Primary Regular 575 34 6
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Frank Kim Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 34
6
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,660
Property Tax -$244
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$135

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.

$450,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,391

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8883$1,9004$1,9605$1,995
$1,995
RENT COMPS ANALYSIS
  • 4805 Van Carol Drive Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,315 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,315 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.85
    •  
  • 8901 Kingswood Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1999
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 8708 Vista Cantera Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 1997
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,888
    • $0.85
    •  
  • 8686 Bolton Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2004
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 8046 Minots Ledge Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2013
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
PROPERTY LISTING DETAILS
Stephen G Bland
1.702.443.1303
Keller Williams Vip
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243308
Last Updated: 10/31/2020
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