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5140 Vincitor Street Las Vegas, NV 89135

2 Beds 2 Baths 1,719 sqft Built 2004

$469,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $272.83
  • 5 Days on Market
  • MLS # : 2243682
  • Updated Date : 10/31/2020 at 14:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

Terraferma Real Estate

Listing Agent's Description

EXTREMELY POPULAR FLOOR PLAN IN SIENA, AND COMPLETELEY REMODELED! IF YOU ARE LOOKING FOR A LIKE NEW PROPERTY, THIS IS IT! EVERYTHING LOOKS AND SMELL LIKE BRAND NEW IN THIS HOUSE, ALL YOU REALLY NEED IS YOUR FURNITURE AND THE KEYS. THIS OPEN FLOOR PLAN MAKES IT SUPER EASY TO MOVE AROUND. BRAND NEW FLOORS AND CARPET, COMPLETELY REPAINTED WITH MODERN COLORS, PLANTATION SHUTTERS THROUGHOUT, QUARTZ COUNTERTOPS, BUILT INS EVERYWHERE, CUSTOM CABINETS IN MASTER CLOSET, BAY WINDOWS IN BEDROOMS, FULLY LANDSCAPED BACKYARD WITH BUILT IN COVERED PATIO AND ADDITIONAL ALUMAWOOD TRELLIS STYLE PATIO AND SO MUCH MORE. THE BACKYARD IS ALSO FULLY ENCLOSED SO IF YOU HAVE PETS THIS IS A BIG BONUS!! CAL TODAY TO ENQUIRE, THIS PROPERTY WILL GO FAST!

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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: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k432k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762324

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,730
Property Tax -$261
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$351

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.

$469,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,809

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7353$1,7504$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 5140 Vincitor Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.06
    •  
  • 4565 Largo Cantata Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,691 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,691 Sqft ∙ Built 2002
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 10234 Tresor Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2005
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.01
    •  
  • 5032 Rivedro Street Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,607 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,607 Sqft ∙ Built 2004
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
  • 5091 Pensier Street Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,677 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,677 Sqft ∙ Built 2005
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
PROPERTY LISTING DETAILS
Sergio Colombo
1.702.300.5374
Terraferma Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243682
Last Updated: 10/31/2020
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