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4969 Utah Avenue Las Vegas, NV 89104

3 Beds 2 Baths 1,575 sqft Built 1979

$239,999

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $152.38
  • 2 Days on Market
  • MLS # : 2263813
  • Updated Date : 01/23/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Investors gold!!! This home has great potential, as it offers an open floor plan that will allow any creative mind to run wild. Single story living with this size lot is not easy to find. In this market there are not too many of these opportunities. NO HOA!! Come see it today!!

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: Vegas Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k296k

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

Neighborhood: Vegas Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
William Snyder Elementary School Primary Regular 936 45 4
Duane Keller Middle School Middle Regular 1,257 56 NA
Las Vegas High School High Regular 3,077 121 4

William Snyder Elementary School

  • Education Level: Primary
  • # of students: 936
  • # of teachers: 45
4
GreatSchools Rating

Duane Keller Middle School

  • Education Level: Middle
  • # of students: 1,257
  • # of teachers: 56
NA
GreatSchools Rating

Las Vegas High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 121
4
GreatSchools Rating
 

$215,999$263,999$239,999

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 -$834
Property Tax -$118
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$181

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$239,999

PROJECTED PRICE

$1,310

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 14.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $179,999
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$31,206

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
  • $0.83

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,265
1$1,2652$1,2953$1,3104$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 4969 Utah Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.83
    •  
  • 112 Romero Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1978
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.89
    •  
  • 5048 Silhouette Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,397 Sqft ∙ Built 1995 3 beds 1 baths ∙ 1,397 Sqft ∙ Built 1995
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 4525 Chicago Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 2066 Brassy Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1995
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
PROPERTY LISTING DETAILS
Avery J Brown
1.702.809.0886
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263813
Last Updated: 01/23/2021
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