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4917 Yellow Pine Lane Las Vegas, NV 89130

3 Beds 2 Baths 1,214 sqft Built 1988

$290,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $238.88
  • 3 Days on Market
  • MLS # : 2246305
  • Updated Date : 11/06/2020 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Bright and Cozy Mid Century Modern Rambler Home!! Perennial Favorites for buyers in this day and age a MUST SEE! Location is also important for jobs, schools, and entertainment.This home is located in a fast-growing area,that is also a highlysought-after established neighborhood,surrounded by family-friendly neighbors! As youwalk through the front door, you'll beintroduced to an open floor concept with a gas fireplace. A niceflow from the dining area to the living room,and to thekitchen area with high ceilings.  Kitchen with all appliances included, with plenty of cabinet space, and storage.The master bedroom suite offers a large walk-in closet and its ownfull bathroom.Dual sinks and Quartz countertops.A brand new AC unit installed. New wood flooring in every bedroom,updated sinks on both bathrooms as well as a  new roof.Don't miss this opportunity to live in one of the most beloved and family-friendly neighborhoods in Las Vegas! Easy access to the freeway, grocery stores, and schools.

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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: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Ernest May Elementary School Primary Regular 665 33 8
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Shadow Ridge High School High Regular 2,697 105 6

Ernest May Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 33
8
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,070
Property Tax -$157
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$96

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.

$290,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,141

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3504$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 4917 Yellow Pine Lane Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 4708 Cohiba Way North Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 2004
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 4537 Point Breeze Drive Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1994
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 4347 Sunrise Shores Avenue #n/a North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1999
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 5205 Pioneer Cabin Court #0 North Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 2003
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Tofuola Alofipo
1.801.935.5006
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246305
Last Updated: 11/06/2020
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