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4855 North Juliano Road Las Vegas, NV 89149

5 Beds 4 Baths 2,664 sqft Built 1997

$655,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $245.87
  • 6 Days on Market
  • MLS # : 2251547
  • Updated Date : 12/05/2020 at 14:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,664 sqft
  • Baths : 4 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Amazing, spacious home located in Centennial Hills. Lovely, lush courtyard-sized entry, spacious living areas and plantation shutters throughout. 5 bedroom 4 bath- including 1 bedroom and 1 bathroom located in detached CASITA/guest house with kitchenette, laundry room, and attached single car garage. Fabulous separate primary bedroom with fireplace, entry to back yard. Lavish primary bathroom with a walk-in closet as well as a custom closet with floor to ceiling mirror, large walk-in shower and separate tub with luxurious relaxing jets. Sizeable office off primary bedroom has built in shelves and plenty of storage. 3 car garage attached to main house, with a single car garage attached to casita/guest house. Expansive .53 acre lot with huge heated pool and spa, large covered patio and BB-Q area. Lush back yard with numerous mature trees, plants, and fruit trees. Located in a beautiful cul-de-sac of luxury homes. Property to be sold in "AS IS" condition. Price reflects work to be done.

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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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$589,500$720,500$655,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,417
Property Tax -$434
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$18

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.

$655,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,417

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$51,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,358

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,3953$2,4004$2,6005$3,030
$3,030
RENT COMPS ANALYSIS
  • 4855 North Juliano Road Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,664 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,664 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $1.14
    •  
  • 5509 Big Sky Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1999
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 8031 Lottie Avenue #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1997
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.94
    •  
  • 7912 Canley Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 8265 West Craig Road #0 Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 1992
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jacqueline Youngblood
1.702.994.1462
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251547
Last Updated: 12/05/2020
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