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5212 Yellow Dawn Court Las Vegas, NV 89130

2 Beds 2 Baths 1,426 sqft Built 1998

INVESTimate

$280,000

List Price

$1,280

$1,152 - $1,408

Rent Est.

$309,932  ( +10.69%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $196.35
  • 10 Days on Market
  • MLS # : 2222768
  • Updated Date : 08/17/2020 at 20:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Adorable home at end of cul-de-sac. No HOA. Low maintenance landscaped home. Definite pride of ownership on this one. A/C just over 5 years old. Solar screens. New fans, light fixtures, water heater, garage door opener, appliances. Wood flooring throughout. Nearby shopping, schools and freeway access on this one. Agent and buyer to verify dimensions and school info.

SEE MORE

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: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,033
Property Tax -$196
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$123

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.

$280,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.69%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,308

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,125
1$1,1252$1,1503$1,2804$1,2995$1,320
$1,320
RENT COMPS ANALYSIS
  • 5212 Yellow Dawn Court Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.90
    •  
  • 4750 Basilicata Lane #101 North Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,203 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,203 Sqft ∙ Built 2006
    property image
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.94
    •  
  • 5545 Sentinel Bridge Street Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,244 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,244 Sqft ∙ Built 1996
    property image
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.92
    •  
  • 5433 Bridgehampton Avenue Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,368 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,368 Sqft ∙ Built 2000
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.95
    •  
  • 6012 Autumn Creek Drive Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.86
    •  
PROPERTY LISTING DETAILS
Xochitl E Stanley
1.702.301.7595
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222768
Last Updated: 08/17/2020
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