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5255 Autumn Sky Road Las Vegas, NV 89118

4 Beds 3 Baths 2,034 sqft Built 1989

$408,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $200.59
  • 7 Days on Market
  • MLS # : 2250378
  • Updated Date : 11/23/2020 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,034 sqft
  • Baths : 3 full
Listing Agent

Vertex Realty & Property Manag

Listing Agent's Description

Amazing Property Located in Spring Valley! 4 Bedroom and 3 Full Bathroom!! Super convenient location. No HOA! All Furnishing Are Included! You Do Not Wanna Miss it!!!!

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Marion B. Earl Elementary School Primary Regular 727 38 6
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Marion B. Earl Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 38
6
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$367,200$448,800$408,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,505
Property Tax -$194
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$135

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.

$408,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,870

INVESTMENT

$113,870

Down Payment
$102,000
Rehab Estimate
$5,750
Closing Costs
$6,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,000
Loan Amount $306,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 5255 Autumn Sky Road Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 6442 Mesa Vista Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1985
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 6777 Quinella Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1986
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 6236 Katella Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1977
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 6483 Little Mac Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,908 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,908 Sqft ∙ Built 1995
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sharon Danqing
1.702.595.2837
Vertex Realty & Property Manag
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250378
Last Updated: 11/23/2020
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