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5000 Rancho Bernardo Way Las Vegas, NV 89130

2 Beds 2 Baths 1,313 sqft Built 1986

$295,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $224.68
  • 3 Days on Market
  • MLS # : 2262024
  • Updated Date : 01/16/2021 at 20:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,313 sqft
  • Baths : 2 full
Listing Agent

Vegas Homes Realty, Llc

Listing Agent's Description

Los Prados is a Guard Gated Golf Community …Come see the beautiful sunrises out your back door from this 2BR, 2BA, 1 Story Home with a pool. This home has vaulted ceilings, gas fireplace, ceiling fan, pot shelves, new carpet, blinds, and water softener, R.O., and all appliances included. This community has plenty of features: Bar/Restaurant, Pools, 18 Hole Golf Course, Tennis/Pickle Ball, RV parking and more! Come and enjoy this beautiful community!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Los Prados

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k336k

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

Neighborhood: Los Prados

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10621606

* 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
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
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

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Shadow Ridge High School

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

$265,500$324,500$295,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,025
Property Tax -$186
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$82

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.

$295,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,155

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1003$1,2004$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 5000 Rancho Bernardo Way Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,313 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,313 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 4860 Marco Polo Street #. North Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,306 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,306 Sqft ∙ Built 2004
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 6146 Pine Villa Avenue #101 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,205 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,205 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.91
    •  
  • 6156 Pine Villa Avenue #104 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 2000
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.88
    •  
  • 6428 Angel Mountain Avenue #0 Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,412 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,412 Sqft ∙ Built 1996
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Richard Fox
1.702.600.8466
Vegas Homes Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262024
Last Updated: 01/16/2021
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