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5019 Mesa View Drive Las Vegas, NV 89120

3 Beds 2 Baths 2,034 sqft Built 1977

$369,888

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $181.85
  • 9 Days on Market
  • MLS # : 2267870
  • Updated Date : 02/12/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,034 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

NO HOA A Charming single story HOME with 3 beds, 2baths, 2 car garage. This residence is conveniently located near the world famous Las Vegas strip. This property offers laminate flooring and tile flooring , wood burning fireplace ,separate dining room, open concept kitchen with granite counter tops and garden window... The backyard is tranquil, private with an L shape pool and spa to relax and a covered patio . This wonderful home is conveniently located for Shopping , strip, freeways and airport. buyers and buyers agent to verify all info .measurements school zones etc NO HOA **** I dont think this little gem will last****

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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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Bill Y. Tomiyasu Elementary School Primary Regular 563 32 4
Helen C. Cannon Middle School Middle Regular 867 39 NA
Del Sol High School High Regular 2,051 73 2

Bill Y. Tomiyasu Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 32
4
GreatSchools Rating

Helen C. Cannon Middle School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 39
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$332,899$406,877$369,888

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,285
Property Tax -$176
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$117

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.

$369,888

PROJECTED PRICE

$1,530

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,770

INVESTMENT

$103,770

Down Payment
$92,472
Rehab Estimate
$5,750
Closing Costs
$5,548

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,472
Loan Amount $277,416
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,6004$1,7005$1,900
$1,900
RENT COMPS ANALYSIS
  • 5019 Mesa View Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.75
    •  
  • 4382 El Cholo Way Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1977
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 5248 Rambling Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1979
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 4730 Monaco Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1975
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 5111 Rudy Lane Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1978
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Paul M Bowler
1.702.845.3403
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267870
Last Updated: 02/12/2021
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