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4937 National Avenue Las Vegas, NV 89146

4 Beds 1 Baths 1,344 sqft Built 1970

$318,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $236.61
  • 6 Days on Market
  • MLS # : 2253780
  • Updated Date : 12/05/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,344 sqft
  • Baths : 1 full
Listing Agent

Parker Realty, Llc

Listing Agent's Description

Completely renovated one year ago is this ranch styled single story house minutes to Las Vegas Chinatown & Strip. All rooms (ex. laundry room and the hall bath) have windows so the entire house is bright and airy. Top quality workmanship. Open & inviting floor plan. Garage drywalled. Pool sized back yard & huge front yard with brand new desert landscaping installed. All appliances included but may differ from the ones shown in photos.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Dr C. Owen Roundy Elementary School Primary Regular 876 49 5
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

Dr C. Owen Roundy Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 49
5
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$286,200$349,800$318,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,173
Property Tax -$100
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$156

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.

$318,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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-$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$90,020

INVESTMENT

$90,020

Down Payment
$79,500
Rehab Estimate
$5,750
Closing Costs
$4,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,500
Loan Amount $238,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,257

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2903$1,2954$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 4937 National Avenue Las Vegas, NV 2
    • 4 beds 1 baths ∙ 1,344 Sqft ∙ Built 1970 4 beds 1 baths ∙ 1,344 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.96
    •  
  • 4515 Del Oro Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1974
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.95
    •  
  • 5335 Regal Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,458 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,458 Sqft ∙ Built 1971
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 3129 Castlewood Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 1976
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 4472 Del Oro Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1974
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jeff Wu
1.626.372.1511
Parker Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253780
Last Updated: 12/05/2020
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