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5105 Your Avenue Las Vegas, NV 89108

4 Beds 3 Baths 2,022 sqft Built 1999

$306,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $151.34
  • 48 Days on Market
  • MLS # : 2232796
  • Updated Date : 11/02/2020 at 09:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,022 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Investment opportunity. Single story home on large lot, three car garage. Minutes to the 95 freeway, convenient to schools, shopping, restaurants. No HOA. This home CANNOT BE SHOWN at this time.

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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

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
 

$275,400$336,600$306,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,129
Property Tax -$244
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$232

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.

$306,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.58%

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$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,840

INVESTMENT

$86,840

Down Payment
$76,500
Rehab Estimate
$5,750
Closing Costs
$4,590

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,500
Loan Amount $229,500
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$45,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4303$1,5504$1,6905$1,790
$1,790
RENT COMPS ANALYSIS
  • 5105 Your Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.89
    •  
  • 2717 La Montana Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2003
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 5185 El Castano Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2003
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.82
    •  
  • 2625 La Mata Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2003
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 5205 Clouds Rest Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1996
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.91
    •  
PROPERTY LISTING DETAILS
Rich Crithfield
1.702.686.8736
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2232796
Last Updated: 11/02/2020
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