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5192 Pinetree Street Las Vegas, NV 89122

2 Beds 1 Baths 1,014 sqft Built 1980

$227,500

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $224.36
  • 4 Days on Market
  • MLS # : 2259882
  • Updated Date : 01/08/2021 at 11:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,014 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

CUTE 2 BEDROOM HOME WITH NO HOA! WOOD LAMINATE FLOORS, CARPET IN BEDROOMS, TILE IN KITCHEN. CEILING FANS AND OVERSIZED 2 CAR GARAGE. STORAGE SHED IN BACK AND YARD READY FOR CRESTIVE TOUCHES. BUYER TO ASSUME SOLAR LEASE - $80 PER MONTH.

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
H A Harmon Elementary School Primary Regular 770 48 3
Francis Cortney Middle School Middle Regular 1,235 52 NA
Del Sol High School High Regular 2,051 73 2

H A Harmon Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
3
GreatSchools Rating

Francis Cortney Middle School

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

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$204,750$250,250$227,500

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$790
Property Tax -$97
Property Insurance -$47
Property Management Fees -$119
CASH FLOW
$37

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.

$227,500

PROJECTED PRICE

$1,090

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,038

INVESTMENT

$66,038

Down Payment
$56,875
Rehab Estimate
$5,750
Closing Costs
$3,413

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$790

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,875
Loan Amount $170,625
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$16,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $816

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$9953$1,090
$1,090
RENT COMPS ANALYSIS
  • 5192 Pinetree Street Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,014 Sqft ∙ Built 1980 2 beds 1 baths ∙ 1,014 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.07
    •  
  • 5750 East Hacienda Avenue #211 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 965 Sqft ∙ Built 1999 2 beds 2 baths ∙ 965 Sqft ∙ Built 1999
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.88
    •  
  • 5597 Wheatfield Drive Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,356 Sqft ∙ Built 1986 2 beds 1 baths ∙ 1,356 Sqft ∙ Built 1986
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.73
    •  
PROPERTY LISTING DETAILS
Mary Maravich
1.702.768.6300
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259882
Last Updated: 01/08/2021
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