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4928 Enlightenment Street Las Vegas, NV 89130

4 Beds 3 Baths 2,114 sqft Built 2019

$379,995

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $179.75
  • 3 Days on Market
  • MLS # : 2262847
  • Updated Date : 01/23/2021 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,114 sqft
  • Baths : 3 full
Listing Agent

Kb Home Nevada Inc

Listing Agent's Description

**MODEL HOME** 42" Timberlake "Nutmeg" Cabinets, Cotton White Granite Countertops, 9 ft ceilings 1st floor, Ceiling fan pre-wire in all rooms, Undermount Oval Sinks In Baths , Wi_Fi Smart Thermostat, Tankless Water Heater, Paver Driveway, upgraded flooring and so much more.

SEE MORE

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: 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
Lied Middle School Middle Regular 1,118 45 5
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

Lied Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 45
5
GreatSchools Rating

Shadow Ridge High School

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

$341,996$417,995$379,995

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,320
Property Tax -$266
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$7

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.

$379,995

PROJECTED PRICE

$1,780

PROJECTED RENT

0.47%

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$1.2M$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,449

INVESTMENT

$106,449

Down Payment
$94,999
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,999
Loan Amount $284,996
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$24,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6504$1,7805$1,975
$1,975
RENT COMPS ANALYSIS
  • 4928 Enlightenment Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.84
    •  
  • 4504 Shadow Dreams Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2009
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 6221 Red Jamboree Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2012
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 4521 Heaven Delight Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2012
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 5333 Rizari Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2003
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.84
    •  
PROPERTY LISTING DETAILS
John P Mclaury
1.702.266.8008
Kb Home Nevada Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262847
Last Updated: 01/23/2021
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