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5071 Newton Drive Las Vegas, NV 89122

4 Beds 1 Baths 1,737 sqft Built 1962

$285,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $164.08
  • 12 Days on Market
  • MLS # : 2259840
  • Updated Date : 01/14/2021 at 04:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,737 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

Captivating Fully Remodeled 4 Bedroom 2 Bath Single Level Property ready for You to call Home Sweet Home. Featuring a Bright Open Floor Plan w/ all new Luxury Vinyl Plank & Tile Floors, Fresh Paint, New Doors & Trim. Updated gourmet kitchen w/ stainless steel appliances, gas range/oven, granite countertops w/ waterfall edge, white shaker kitchen cabinets w/ soft close storage drawers and doors. Primary bath features sunken walk in ceramic tile shower w/ rainfall head. Definitely a must to come see for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9301603

* 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
J.m. Ullom Elementary School Primary Regular 723 38 3
Francis Cortney Middle School Middle Regular 1,235 52 NA
Chaparral High School High Regular 2,270 87 3

J.m. Ullom Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 38
3
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$990
Property Tax -$86
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$245

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.

$285,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$41,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,3504$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 5071 Newton Drive Las Vegas, NV 4
    • 4 beds 1 baths ∙ 1,737 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,737 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 5284 Wellesley Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 5143 Woodruff Place Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 5336 Hillsboro Lane Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1972
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 5119 Margo Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1961
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
PROPERTY LISTING DETAILS
Shaun C Guerrero
1.206.778.5885
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259840
Last Updated: 01/14/2021
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