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4854 Denaro Drive Las Vegas, NV 89135

3 Beds 2 Baths 3,217 sqft Built 2004

$1,050,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $326.39
  • 12 Days on Market
  • MLS # : 2242086
  • Updated Date : 10/27/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,217 sqft
  • Baths : 1 full , 1 half
Listing Agent

Award Realty

Listing Agent's Description

LOCATION, LOCATION, LOCATION - THIS IS ALL ABOUT THE STUNNING GOLF, MOUNTAIN & STRIP VIEWS! RARELY USED SECOND HOME, THE LARGEST FLOOR PLAN IN SIENA, '8120' MODEL, APPROX 3217/SF, 3 BED W/ CASITA, 4 BATH, DEN YOU COULD USE AS 4TH BED, DINING RM, LIVING RM, OPEN GREAT RM W/ FIREPLACE & WET BAR, KITCHEN W/ GRANITE COUNTERTOPS, STAINLESS APPLIANCES, NOOK AREA, PORCELAIN TILE, COURTYARD ENTRY, COVERED PATIO W/ LG DECK, 3 CAR GARAGE, PLUS MUCH MORE!

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: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k432k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762324

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$3,874
Property Tax -$475
Property Insurance -$89
HOA -$231
Property Management Fees -$119
CASH FLOW
-$1,328

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.

$1,050,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,652

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,791

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3953$3,1954$3,2005$3,460
$3,460
RENT COMPS ANALYSIS
  • 4854 Denaro Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 3,217 Sqft ∙ Built 2004 3 beds 2 baths ∙ 3,217 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $1.08
    •  
  • 5350 South Fairbranch Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2007
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 10074 Thunder Rapids Court #n/a Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2001
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
  • 10425 Sofferto Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 3,217 Sqft ∙ Built 2004 3 beds 2 baths ∙ 3,217 Sqft ∙ Built 2004
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.99
    •  
  • 4430 Bella Cascada Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 3,463 Sqft ∙ Built 2000 3 beds 2 baths ∙ 3,463 Sqft ∙ Built 2000
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Karen Bye
1.702.429.9190
Award Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242086
Last Updated: 10/27/2020
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