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5224 Pacific Opal Avenue 
Las Vegas, NV
89131
3 Beds 2 Baths 1,947 sqft
Built 2003
INVESTimate
$399,999
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $205.44
- 8 Days on Market
- MLS # : 2223365
- Updated Date : 08/25/2020 at 14:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,947 sqft
- Baths : 2 full
Listing Agent
Homie Llc
Listing Agent's Description
Beautiful open concept home in a gated community in Las Vegas. Three car garage and RV parking. Shed in the back as well. Built in BBQ and covered patio. This home has three bedrooms with an additional office/possible 4th bedroom. Interior was completely redone 2 years ago with new tile, carpet, and beautiful accent walls. Off the living room huge custom barn door leads you into the office. The back yard has artificial turf, dog run, and a fire pit area.
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$280 | |
| Property Insurance | -$65 | |
| HOA | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$370
|
||
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.
$399,999
PROJECTED PRICE
$1,630
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.46% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
1.5
YEARS SAVED
$3,984
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,660
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5224 Pacific Opal Avenue Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,630
- $0.84
-
7515 Trickling Wash Drive Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2001
LEASED 11/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
7546 Coral River Drive Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 2001
LEASED 12/22/19- Rent
- Rent Per SQFT
- $1,495
- $0.82
-
4636 Grey Heron Drive #n/a North Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2005
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,525
- $0.84
-
7051 Cinder Horse Street Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2019
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,900
- $0.94
PROPERTY LISTING DETAILS
1.702.984.4005
Homie Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223365
Last Updated: 08/25/2020
