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5020 Your Avenue Las Vegas, NV 89108

3 Beds 2 Baths 1,550 sqft Built 1997

$289,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $187.03
  • 5 Days on Market
  • MLS # : 2244780
  • Updated Date : 11/05/2020 at 09:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Desert Realty

Listing Agent's Description

HUGE ESTATE SALE HAPPENING SAT & SUN 8-2...BRING YOUR BUYERS AND WRITE IT UP! NICELY UPGRADED, COZY HOME IN VERY ATTRACTIVE SUBDIVISION! HARD FLOORING & CEILING FANS THRUOUT, TANKLESS HWH, FAUX WOOD BLINDS, CUSTOM SECURITY SCREENS, CUSTOM EXTERIOR SHADE, COVERED PATIO, EASY CARE LANDSCAPING, MORE!

SEE MORE

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
Doris M. Reed Elementary School Primary Regular 564 31 1
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Cimarron Memorial High School High Regular 2,541 102 3

Doris M. Reed Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 31
1
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,070
Property Tax -$205
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$171

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.

$289,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,283

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2753$1,2804$1,3255$1,400
$1,400
RENT COMPS ANALYSIS
  • 5020 Your Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.83
    •  
  • 5088 Sublight Avenue #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 1998
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.78
    •  
  • 5048 Sublight Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 1999
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.83
    •  
  • 5016 Rancher Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1998
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 2708 Ganzo Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2002
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Liz Thompson
1.702.876.0098
Desert Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244780
Last Updated: 11/05/2020
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