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4936 Enlightenment Street Las Vegas, NV 89130

2 Beds 2 Baths 1,157 sqft Built 2019

$347,526

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $300.37
  • 3 Days on Market
  • MLS # : 2262857
  • Updated Date : 01/23/2021 at 01:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,157 sqft
  • Baths : 2 full
Listing Agent

Kb Home Nevada Inc

Listing Agent's Description

**MODEL HOME** Single Story Nestled in the Northwest Valley**Timberlake Sonoma"Harbor" Cabinetry with Chrome Knobs** White Harvest Quartz Countertops*SS Whirlpool Appliances*Enlarged Shower with Seat in Master Bath*Ceiling Fan Pre Wires in All rooms** 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
 

$312,773$382,279$347,526

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,207
Property Tax -$243
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$309

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.

$347,526

PROJECTED PRICE

$1,310

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,844

INVESTMENT

$97,844

Down Payment
$86,882
Rehab Estimate
$5,750
Closing Costs
$5,213

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,207

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,882
Loan Amount $260,645
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,088

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,3104$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 4936 Enlightenment Street Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,157 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,157 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.13
    •  
  • 7224 Diamond Hope Court Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 2004
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 4950 Black Bear #204 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1999
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 4930 Black Bear Road #201 Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1999
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
  • 4921 Black Bear Road #201 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1999
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
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 #: 2262857
Last Updated: 01/23/2021
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