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5210 Volgi Street Las Vegas, NV 89135

2 Beds 2 Baths 2,076 sqft Built 2005

$685,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $330.39
  • 4 Days on Market
  • MLS # : 2263038
  • Updated Date : 01/22/2021 at 17:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,076 sqft
  • Baths : 2 full
Listing Agent

Siena Monte Realty

Listing Agent's Description

Beautiful Siena Home, Curb Appeal, stone facade courtyard , elevated homesite with views of the golf course and city lights. Well Maintained and Elegant Clean Clean.Waterfall Koi Pond ( no fish ) artificial turf, Stamped Concrete , Epoxy Floors in Garage, STORAGE Aplenty. Built ins , partner desk. Beautiful. Closet Organizer with pull downs. MurpheyBed. Work Bench and Storage. Outstanding attention to detail. Granite Counter tops and Like New appliances, move in ready. So many upgrades ,You must see. Private Yard ,just right. crown moldings. a proud home. Siena is an age qualified community, full amenities. Guard Gated, amazing lifestyle

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: 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
 

$617,310$754,490$685,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,382
Property Tax -$299
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$657

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.

$685,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.32%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,514

INVESTMENT

$187,514

Down Payment
$171,475
Rehab Estimate
$5,750
Closing Costs
$10,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,382

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,475
Loan Amount $514,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,2503$2,2504$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 5210 Volgi Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 2,076 Sqft ∙ Built 2005 2 beds 2 baths ∙ 2,076 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.06
    •  
  • 4917 Leffetto Street Las Vegas, NV 2
    • 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 10307 Rio De Thule Lane Las Vegas, NV 3
    • 2 beds 3 baths ∙ 2,084 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,084 Sqft ∙ Built 2005
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.08
    •  
  • 10439 Luna Magico Avenue Las Vegas, NV 4
    • 2 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.05
    •  
  • 10366 Premia Place Las Vegas, NV 5
    • 2 beds 3 baths ∙ 2,216 Sqft ∙ Built 2004 2 beds 3 baths ∙ 2,216 Sqft ∙ Built 2004
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Bob Brandt
1.702.334.4305
Siena Monte Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263038
Last Updated: 01/22/2021
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