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4822 Van Carol Drive Las Vegas, NV 89147

4 Beds 2 Baths 2,067 sqft Built 1993

$395,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $191.53
  • 4 Days on Market
  • MLS # : 2263715
  • Updated Date : 01/24/2021 at 03:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,067 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

THIS LOVELY WELL CARED FOR HOME FEATURES AN OPEN AND AIRY FLOOR PLAN ** WOOD SHUTTERS ** A TASTEFULL MIX OF TILE, CARPET, HARDWOOD & LAMINATE FLOORING ** BRIGHT KITCHEN ADJACENT TO FAMILY ROOM WITH FIREPLACE ** MASTER SUITE WITH ROLLING ROLLADEN SHUTTERS & BATH WITH DOULBE SINKS, SEPARATE SHOWER & JETTED TUB ** LARGE PRIVATE BACKYARD WITH COVERED PATIO, SPARKLING POOL, WATER FOUNTAIN, FRUIT TREES & FIRE PIT ** NEW COOL DECKING AS OF SPRING 2020 ** HOUSE EXTERIOR PAINT DONE FALL 2020 **

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: 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
 

$356,310$435,490$395,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,375
Property Tax -$233
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$24

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.

$395,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.45%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,664

INVESTMENT

$110,664

Down Payment
$98,975
Rehab Estimate
$5,750
Closing Costs
$5,939

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,375

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,975
Loan Amount $296,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7704$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 4822 Van Carol Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.86
    •  
  • 4786 Cortina Rancho Las Vegas, NV 1
    • 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 8685 Estrella Bonita Las Vegas, NV 2
    • 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 8377 San Ramon Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 8226 San Ramon Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 1999
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
PROPERTY LISTING DETAILS
Barbara A O Neill
1.702.461.1212
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263715
Last Updated: 01/24/2021
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