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4832 Captain Mccall Court North Las Vegas, NV 89031

4 Beds 2 Baths 2,146 sqft Built 2006

INVESTimate

$315,000

List Price

$1,520

$1,368 - $1,672

Rent Est.

$349,052  ( +10.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $146.78
  • 5 Days on Market
  • MLS # : 2223770
  • Updated Date : 08/22/2020 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,146 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

This is a great single story ranch in a Cul-de-sac with a large backyard. This home has 3 car garage. Large fireplace in the dining area. Great layout for a family. This home wont last as it is priced to move! Come see this home before its gone.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cobblestone Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $84k357k

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

Neighborhood: Cobblestone Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Raul Elizondo Elementary School Primary Regular 774 42 5
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

Raul Elizondo Elementary School

  • Education Level: Primary
  • # of students: 774
  • # of teachers: 42
5
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,162
Property Tax -$294
Property Insurance -$69
HOA -$50
Property Management Fees -$119
CASH FLOW
-$173

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.

$315,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.81%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,508

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4504$1,5205$1,625
$1,625
RENT COMPS ANALYSIS
  • 4832 Captain Mccall Court North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.71
    •  
  • 132 West La Madre Way North Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2005
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.71
    •  
  • 4729 Vincent Hill Court North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2003
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 4836 Celsion Rock Street #0 North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 2004
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 16 Frad Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2005
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.70
    •  
PROPERTY LISTING DETAILS
Kyle D Hardman
1.702.544.4424
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223770
Last Updated: 08/22/2020
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