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4926 Leffetto Street Las Vegas, NV 89135

2 Beds 2 Baths 1,332 sqft Built 2003

$355,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $266.52
  • 4 Days on Market
  • MLS # : 2261632
  • Updated Date : 01/15/2021 at 20:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

BEAUTIFUL HOME IN GUARD GATED SIENA AT SUMMERLIN. 8,276 SqFt LARGE CORNER LOT IN CUL-DE-SAC, 2 MASTER BEDROOM WITH WALK IN CLOSETS BATHROOMS, NICE KITCHEN STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, BREAKFAST NOOK, BAR, CUSTOM TWO TONE PAINT & CROWN MOLDING, INTERCOM SURROUND SOUND SPEAKERS THROUGHOUT THE HOUSE INCLUDING OUTSIDE, MASTER BEDROOM W CUSTOM CLOSETS, TWO COVERED PATIO'S, WATER SOFTENER, RING DOOR BELL SECURITY SYSTEM, VERY NICE BACKYARD PUTTING GREENS, BEAUTIFULLY LANDSCAPED FRONT/BACKYARD ALL APPLIANCES INCLUDED! SOLAR SYSTEM. HOME COULD BE SOLD PARTIAL FURNISHED OPTIONAL.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,233
Property Tax -$222
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$23

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.

$355,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,429

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,4003$1,5004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 4926 Leffetto Street Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
  • 10001 Peace Way #2287 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,178 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,178 Sqft ∙ Built 2003
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.04
    •  
  • 9730 Meeks Bay Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,305 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,305 Sqft ∙ Built 2002
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 10387 Premia Place Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,370 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,370 Sqft ∙ Built 2004
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
  • 9681 Meeks Bay Avenue Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,473 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,473 Sqft ∙ Built 2001
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
PROPERTY LISTING DETAILS
Nebiat Adhanom
1.702.277.9922
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261632
Last Updated: 01/15/2021
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