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4816 Everman Drive Las Vegas, NV 89122

4 Beds 3 Baths 1,325 sqft Built 1962

$244,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $184.83
  • 4 Days on Market
  • MLS # : 2261452
  • Updated Date : 01/17/2021 at 00:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,325 sqft
  • Baths : 2 full , 1 half
Listing Agent

Winning Realty

Listing Agent's Description

Investor’s dream. For owner occupants, it may qualify for a Renovation loan. This 4 bedroom house has lots of potential...beautiful tile flooring through out, Covered patio, large pool, oversized backyard. Needs TLC.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9301603

* 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
J.m. Ullom Elementary School Primary Regular 723 38 3
Francis Cortney Middle School Middle Regular 1,235 52 NA
Chaparral High School High Regular 2,270 87 3

J.m. Ullom Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 38
3
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Chaparral High School

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

$220,410$269,390$244,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$851
Property Tax -$85
Property Insurance -$53
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.

$244,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$31,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,116

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,1954$1,2505$1,280
$1,280
RENT COMPS ANALYSIS
  • 4816 Everman Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,325 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,325 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.97
    •  
  • 5038 Marin Street #3 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 5119 Carmel Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1974
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.79
    •  
  • 4963 Saratoga Circle Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1971
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.79
    •  
  • 5284 Wellesley Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kamelia Kohlmeier
1.818.903.6173
Winning Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261452
Last Updated: 01/17/2021
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