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525 Duchess Avenue Las Vegas, NV 89030

4 Beds 2 Baths 1,495 sqft Built 1970

$240,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $160.54
  • 2 Days on Market
  • MLS # : 2256838
  • Updated Date : 12/19/2020 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

King Realty Group

Listing Agent's Description

Spacious 4 Bedroom Home with an Extended Master Bedroom and a Newly Built Casita In the Backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Regal Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $64k296k

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

Neighborhood: Regal Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7851603

* 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
Jo Mackey Elementary School Primary Magnet 561 32 9
West Preparatory Instititute School For Academic Excellence Middle Regular 1,353 64 7
West Preparatory Instititute School For Academic Excellence High Regular 1,353 64 7

Jo Mackey Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 32
9
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: High
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$886
Property Tax -$90
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$99

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.

$240,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.6%
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$14k$16k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$27,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,237

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1953$1,2504$1,2505$1,500
$1,500
RENT COMPS ANALYSIS
  • 525 Duchess Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.84
    •  
  • 1036 Miller Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.80
    •  
  • 2212 Wayne Way North Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1964
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.85
    •  
  • 710 Count Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1984
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
  • 2728 Armor Street North Las Vegas, NV 5
    • 5 beds 2 baths ∙ 1,810 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,810 Sqft ∙ Built 1964
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kourtney Wagner
1.702.237.0390
King Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256838
Last Updated: 12/19/2020
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