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5009 Pounding Surf Avenue Las Vegas, NV 89131

3 Beds 2 Baths 1,806 sqft Built 2001

$400,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

$111,750

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+10.2%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.8%
Cash Flow	-$3,924
Value Increase	$41,508

10 YEAR

Cash On Cash	-4.6%
Total Return	13.0%

PROPERTY INFO

January 01, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2001
Price/Sqft : $221.48
4 Days on Market
MLS # : 2258593
Updated Date : 01/02/2021 at 19:21

CONSTRUCTION

Beds : 3
Floor Size : 1,806 sqft
Baths : 2 full

Listing Agent

Las Vegas Pro Realty

Listing Agent's Description

Stunning single story home Over sized Corner lot, Located within charming Lynbrook community! 1806 Sq Ft 3 Bedroom 2 bath 2 car Lush landscaping! Upgraded tile flooring with mosaic! Chefs dream kitchen with beautiful granite counters! Breakfast bar and nook! Open and spacious living area with fireplace! Grand Primary suite with patio door! Relax out back on the covered patio or in the sparkling blue pool and spa heated with solar panels double gate for side yard access

1 of 50 X

MARKET HIGHLIGHTS

Las Vegas Market Report

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)

Neighborhood: Lynbrook

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

Neighborhood: Lynbrook

* 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
Howard Heckethorn Elementary School	Primary	Regular	657	35	7
Anthony Saville Middle School	Middle	Regular	1,494	58	NA
Shadow Ridge High School	High	Regular	2,697	105	6

Howard Heckethorn Elementary School

Education Level: Primary
# of students: 657
# of teachers: 35

GreatSchools Rating

Anthony Saville Middle School

Education Level: Middle
# of students: 1,494
# of teachers: 58

GreatSchools Rating

Shadow Ridge High School

Education Level: High
# of students: 2,697
# of teachers: 105

GreatSchools Rating

FINANCIALS

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$360,000$440,00000$400,000

PURCHASE PRICE

$1,449$1,77100$1,610

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,610
EXPENSES	Loan Payment	-$1,476
	Property Tax	-$280
	Property Insurance	-$62
	Property Management Fees	-$119




CASH FLOW -$327

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.

$400,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.96%
Appreciation Year (1-5)	10.2%
Maintenance Year (1-5)	8.00%
Vacancy	7.63%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$111,750

Down Payment	$100,000
Rehab Estimate	$5,750
Closing Costs	$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$100,000
Loan Amount	$300,000

See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,160

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,610
LIST RENT
$0.89
LIST RENT PER SQFT

$1,612
COMP ESTIMATED VALUE
$0.89
COMP AVG. RENT PER SQFT

Comps Range

$1,495

1$1,4952$1,5003$1,6004$1,6105$1,650

$1,650

RENT COMPS ANALYSIS

1,806
PROPERTY SQFT
$0.89
AVG RENT PER SQFT
$1,612
ESTIMATED VALUE
$1,610
LIST RENT

5009 Pounding Surf Avenue Las Vegas, NV 5

3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2001
Price

Price Per SQFT

$400,000

$221.48
4732 Grey Heron Drive North Las Vegas, NV 1

3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2005
SOLD 09/22/20
Price

Price Per SQFT

$305,000

$168.04
4927 Charlo Drive Las Vegas, NV 2

3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2002
SOLD 12/29/20
Price

Price Per SQFT

$310,000

$172.41
5000 Cascade Pools Avenue Las Vegas, NV 3

3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2001
SOLD 12/08/20
Price

Price Per SQFT

$325,000

$168.57
5427 Sharpei Court Las Vegas, NV 4

3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2001
SOLD 09/17/20
Price

Price Per SQFT

$336,000

$173.73

5009 Pounding Surf Avenue Las Vegas, NV 4

3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2001
Rent

Rent Per SQFT

$1,610

$0.89
4900 Royal Lake Avenue Las Vegas, NV 1

3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2002
LEASED 09/17/20
Rent

Rent Per SQFT

$1,495

$0.89
7515 Splashing Rock Drive Las Vegas, NV 2

3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2002
LEASED 12/23/20
Rent

Rent Per SQFT

$1,500

$0.90
7544 Coral River Drive Las Vegas, NV 3

3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2001
LEASED 10/02/20
Rent

Rent Per SQFT

$1,600

$0.88
7542 Coral River Drive Las Vegas, NV 5

3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2001
LEASED 12/10/20
Rent

Rent Per SQFT

$1,650

$0.90

PROPERTY LISTING DETAILS

Michael A Fahey
1.702.498.1000
Las Vegas Pro Realty

Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579

Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258593
Last Updated: 01/02/2021

5009 Pounding Surf Avenue Las Vegas, NV 89131

$400,000

$1,610

$111,750

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Howard Heckethorn Elementary School

Anthony Saville Middle School

Shadow Ridge High School

FINANCIALS

$360,000$440,00000$400,000

$1,449$1,77100$1,610

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$400,000

$1,610

0.40%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,476

2.08

$6,160

$400,000

$221.48

$308,262

$170.69

COMPS RANGE

PRICE COMPS ANALYSIS

$1,610

$0.89

$1,612

$0.89

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS