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5128 Champions Avenue Las Vegas, NV 89142

5 Beds 2 Baths 2,063 sqft Built 1965

INVESTimate

$299,999

List Price

$1,540

$1,386 - $1,694

Rent Est.

$338,309  ( +12.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $145.42
  • 5 Days on Market
  • MLS # : 2224172
  • Updated Date : 08/24/2020 at 09:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,063 sqft
  • Baths : 2 full
Listing Agent

Forever Home Realty

Listing Agent's Description

Please click the film reel at the top to view the Virtual Tour! Chic five bedroom two bathroom single story with a turf court yard & backyard basketball hoop! Modern layout with premium flooring throughout, upgraded kitchen counters & cabinets, stainless steel appliances & contemporary bathroom amenities - this home checks all of the boxes! Stop in and tour for yourself today!

SEE MORE

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Cyril Wengert Elementary School Primary Regular 613 33 6
Duane Keller Middle School Middle Regular 1,257 56 NA
Las Vegas High School High Regular 3,077 121 4

Cyril Wengert Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
6
GreatSchools Rating

Duane Keller Middle School

  • Education Level: Middle
  • # of students: 1,257
  • # of teachers: 56
NA
GreatSchools Rating

Las Vegas High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 121
4
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,386$1,694$1,540

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,107
Property Tax -$117
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$130

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.

$299,999

PROJECTED PRICE

$1,540

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$35,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,501

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4003$1,4954$1,5405$1,600
$1,600
RENT COMPS ANALYSIS
  • 5128 Champions Avenue Las Vegas, NV 4
    • 5 beds 2 baths ∙ 2,063 Sqft ∙ Built 1965 5 beds 2 baths ∙ 2,063 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.75
    •  
  • 1569 Arden Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1977
    property image
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.62
    •  
  • 1606 Jaboneria Drive #0 Las Vegas, NV 2
    • 5 beds 1 baths ∙ 2,024 Sqft ∙ Built 1980 5 beds 1 baths ∙ 2,024 Sqft ∙ Built 1980
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.69
    •  
  • 1249 Arden Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1978
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 4452 East Wyoming Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1977
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
PROPERTY LISTING DETAILS
Nick Devitte
1.702.528.9913
Forever Home Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224172
Last Updated: 08/24/2020
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