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4974 Rivedro Street Las Vegas, NV 89135

2 Beds 2 Baths 1,272 sqft Built 2004

$340,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $267.30
  • 2 Days on Market
  • MLS # : 2264855
  • Updated Date : 01/30/2021 at 22:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,272 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Highly sought after master plan community of Siena. 55+ community! Guard gated with Bistro restaurant, clubhouse/pool/spa/tennis/music room & much, much more! Come see this Bright & Cozy single story & make it your NEW HOME! This Elegant home features large picture windows in living room with a great city views. Separate dining room adjoins the open kitchen w/breakfast bar, pantry, solid surface counter tops & custom cabinets. Tile thru-out home with carpet in bedrooms. Primary bedroom walk in closet & bath with walk in shower & dual sinks. Secondary bedroom with bath. Laundry w/cabinets leads out to garage. (washer & dryer included) Oversized 2 car garage with extra storage area, water softener included. Spacious backyard with covered patio & pergola for those beautiful nights sitting outside with a glass of wine enjoying the downtown lights! Located close to shopping, hwy access, restaurants & more! Make Las Vegas your new HOME!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,181
Property Tax -$215
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$93

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.

$340,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.49%

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,399

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4753$1,5504$1,6005$1,660
$1,660
RENT COMPS ANALYSIS
  • 4974 Rivedro Street Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.31
    •  
  • 9730 Meeks Bay Avenue Las Vegas, NV 1
    • 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
    •  
  • 9638 Donner Springs Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,305 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,305 Sqft ∙ Built 2003
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.13
    •  
  • 4427 Bella Cascada Street Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,396 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,396 Sqft ∙ Built 2000
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 5235 Blue Gum Court Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,468 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,468 Sqft ∙ Built 2003
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
PROPERTY LISTING DETAILS
Loralee A Wood
1.702.419.3212
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264855
Last Updated: 01/30/2021
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