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4818 Randall Drive Las Vegas, NV 89122

3 Beds 2 Baths 1,670 sqft Built 1962

$299,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $179.04
  • 5 Days on Market
  • MLS # : 2273098
  • Updated Date : 02/27/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Cr Realty Services Llc

Listing Agent's Description

Charming two in one single story home great for investor or starter home! Live in One and Rent the other or good for in-laws, main house has 3 bedroom, 2 full bath, guest house is like apartment studio and it has 2 bedroom, 1 bath, each with own A/C unit and Electric meter, A/C units are less than two years old, tile throughout, bathrooms recently remodeled, kitchen with lots of cabinets and granite countertops, all appliances are included and many more... Don't miss this opportunity!!

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: 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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,039
Property Tax -$83
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
$10

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.

$299,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$19,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2954$1,3105$1,350
$1,350
RENT COMPS ANALYSIS
  • 4818 Randall Drive Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.78
    •  
  • 4963 Saratoga Circle Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1971
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.79
    •  
  • 5094 Billman Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1961
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.77
    •  
  • 5095 Blanton Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 1963
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 5336 Hillsboro Lane Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1972
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Clemente Espinoza
1.702.340.0720
Cr Realty Services Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273098
Last Updated: 02/27/2021
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