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5032 Danube Avenue Las Vegas, NV 89141

3 Beds 3 Baths 3,015 sqft Built 2001

INVESTimate

$449,900

List Price

$2,050

$1,845 - $2,255

Rent Est.

$485,667  ( +7.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $149.22
  • 8 Days on Market
  • MLS # : 2223444
  • Updated Date : 08/20/2020 at 07:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,015 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful Southern Highlands HOME, SPACIOUS floorplan, desirable neighborhood, SOARING CEILINGS, lots of NATURAL LIGHTING, 3 car epoxy garages, SHUTTERS throughout, OVERSIZED loft, built in custom office, large secondary bedrooms, ceiling fans and walk-in closets in all bedrooms, upgraded baseboards, 20” tile, GRANITE counters, TWO TONE cabinetry, DOWNSTAIRS MASTER. BOUNTIFUL CABINET and STORAGE. Laundry room with sink and storage, POOL SIZE LOT, easy maintenance DESERT LANDSCAPING and PREMIUM SYNTHETIC TURF, covered patio and fan, outdoor fire pit, dog run, water softener, reverse osmosis, NEW kitchen, laundry, and bathroom PAINT. CONVENIENT to freeway, shopping, restaurants, schools, and parks.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Charles And Phyllis Frias Elementary School Primary Regular 802 41 10
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Charles And Phyllis Frias Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 41
10
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,660
Property Tax -$304
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$119

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.

$449,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.95%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,299

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2003$2,3004$2,3755$2,550
$2,550
RENT COMPS ANALYSIS
  • 5032 Danube Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,015 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,015 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
  • 5064 Danube Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,015 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,015 Sqft ∙ Built 2001
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 10648 San Palatina Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2003
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 5325 Altadonna Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,178 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,178 Sqft ∙ Built 2004
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.75
    •  
  • 5052 Esposito Avenue Las Vegas, NV 5
    • 3 beds 4 baths ∙ 3,096 Sqft ∙ Built 2001 3 beds 4 baths ∙ 3,096 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Amber M Low
1.808.306.7480
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223444
Last Updated: 08/20/2020
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