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4901 Gate Fall Court Las Vegas, NV 89149

6 Beds 4 Baths 4,010 sqft Built 1997

$699,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $174.31
  • 7 Days on Market
  • MLS # : 2248733
  • Updated Date : 11/18/2020 at 14:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,010 sqft
  • Baths : 3 full , 1 half
Listing Agent

Nevada Asset Preservation & Ma

Listing Agent's Description

Absolutely gorgeous 6 bdrm, 3.5 bath, 3 car garage & RV parking. Not your typical Vegas residence, lingering giant Pine trees line this property, real grass front/back. Beautiful pool that is 8.5 deep. Built-in barbecue, fire pit & cozy club chairs remain with property. If you enjoy entertaining outdoors this one is a must see. Inside this lovely home you will find new upgraded tile, carpet & laminate flooring. This one shows true pride of ownership, even the smallest of detail has been addressed. Make sure & take a close look at the fixtures, upgraded door knobs & custom painted knobs on the cabinets. This home is 6 bedrooms plus a den/office/study. Formal living room with breath taking fireplace, formal dining room with Tiffany style fixture, luxurious cabinetry & Granite counters in the kitchen, stainless steel appliances compliment this Tuscan themed beauty. You will find a full bedroom & bath nestled on the 1st floor. Master is upstairs & boasts two walk-in closets. Stunning!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,579
Property Tax -$449
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$322

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.

$699,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.42%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$26,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,987

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8953$2,9004$2,9305$3,300
$3,300
RENT COMPS ANALYSIS
  • 4901 Gate Fall Court Las Vegas, NV 4
    • 6 beds 4 baths ∙ 4,010 Sqft ∙ Built 1997 6 beds 4 baths ∙ 4,010 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.73
    •  
  • 4253 Thunder Twice Street Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2004 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2004
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
  • 7512 Cathedral Canyon Court #n/a Las Vegas, NV 2
    • 6 beds 3 baths ∙ 3,828 Sqft ∙ Built 1993 6 beds 3 baths ∙ 3,828 Sqft ∙ Built 1993
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.76
    •  
  • 7424 Cypress Grove Court Las Vegas, NV 3
    • 6 beds 4 baths ∙ 3,828 Sqft ∙ Built 1993 6 beds 4 baths ∙ 3,828 Sqft ∙ Built 1993
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.76
    •  
  • 4610 Creeping Fig Court Las Vegas, NV 5
    • 6 beds 3 baths ∙ 4,320 Sqft ∙ Built 2004 6 beds 3 baths ∙ 4,320 Sqft ∙ Built 2004
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Lisa K Lucas
1.702.328.3589
Nevada Asset Preservation & Ma
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248733
Last Updated: 11/18/2020
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