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4840 Vista Sandia Way Las Vegas, NV 89115

4 Beds 3 Baths 1,722 sqft Built 2019

$245,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $142.28
  • 6 Days on Market
  • MLS # : 2242896
  • Updated Date : 11/01/2020 at 11:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,722 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

This 4 bed/3 full bath home is better than NEW! Just built in 2019, enjoy a huge loft upstairs and a bedroom and full bath downstairs. Go ahead and turn up the AC with your Solar Powered home. They have already done it all with rolling shutters and whole house water treatment system including RO and softener. Conveniently located near the Nellis Air Force base with easy access to freeways and schools. All this for under $250K. This beauty won't last! Buyer to assume the Solar Financing.

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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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Mary And Zel Lowman Elementary School Primary Regular 804 35 3
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Mojave High School High Regular 2,311 103 2

Mary And Zel Lowman Elementary School

  • Education Level: Primary
  • # of students: 804
  • # of teachers: 35
3
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Mojave High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$904
Property Tax -$181
Property Insurance -$61
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 12% of earned rent to cover both maintenance and periods of vacancy.

$245,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 3.00%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,925

INVESTMENT

$66,925

Down Payment
$61,250
Rehab Estimate
$2,000
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$33,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,296

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,3994$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 4840 Vista Sandia Way Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,722 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,722 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 4127 Sandy Breeze Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,702 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,702 Sqft ∙ Built 2016
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 4521 Chanted Heart Avenue #0 North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2006
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 5143 Silica Chalk Las Vegas, NV 3
    • 4 beds 4 baths ∙ 1,874 Sqft ∙ Built 2013 4 beds 4 baths ∙ 1,874 Sqft ∙ Built 2013
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.75
    •  
  • 3939 Chasing Heart Way Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2006
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Michael L Harden
1.702.267.6169
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242896
Last Updated: 11/01/2020
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