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5213 Mantua Court Las Vegas, NV 89130

3 Beds 2 Baths 1,593 sqft Built 2000

$299,990

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $188.32
  • 2 Days on Market
  • MLS # : 2244807
  • Updated Date : 11/07/2020 at 09:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,593 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Get Ready To Move! This beautiful, single story home in the north valley has 3BRs, 2BAs & nearly 1600sqft of comfort & open space. The foundation is laid with travertine tile & hardwood flooring. The large, yet cozy Great Room, including fireplace, is adjacent to the stylish kitchen with s/s appliances, white paneled cabinets, solid counters, island & breakfast bar and pantry. Just down the hall the Primary suite has a walkin closet, upgraded bath including custom tile surrounds on the separate shower & tub. The inviting backyard has a covered patio & pavered sitting area to enjoy the crisp fall weather & a swing-set for the kids. All of this conveniently near shopping, parks, schools and access to the 215 & 95.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Romano Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k296k

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

Neighborhood: Romano Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9841606

* 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
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,107
Property Tax -$212
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$106

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.

$299,990

PROJECTED PRICE

$1,390

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,402

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4503$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 5213 Mantua Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.87
    •  
  • 5001 Running Rapids Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1999
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 5116 Backwoodsman Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1999
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 4825 Sparkling Sky Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2002
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 5848 Wood Petal Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1999
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
PROPERTY LISTING DETAILS
Delinda Crampton
1.702.219.3144
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244807
Last Updated: 11/07/2020
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