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5262 Hillsboro Lane Las Vegas, NV 89120

3 Beds 1 Baths 1,216 sqft Built 1973

$284,999

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $234.37
  • 7 Days on Market
  • MLS # : 2262623
  • Updated Date : 01/24/2021 at 01:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 1 full
Listing Agent

Blue Diamond Realty Llc

Listing Agent's Description

Beautiful single story home with 3 bedrooms, 2 bath. Newly remodeled!! New two tone paint through out the home. New flooring through out the home. Large living room with gorgeous fireplace. Quartz kitchen with White shaker cabinets, stainless steel appliances, recessed lighting and Island. Separate casita/room with air conditioning. Low maintenance desert landscape in front yard. Large rear yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
H A Harmon Elementary School Primary Regular 770 48 3
Francis Cortney Middle School Middle Regular 1,235 52 NA
Del Sol High School High Regular 2,051 73 2

H A Harmon Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
3
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$256,499$313,499$284,999

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$990
Property Tax -$89
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$158

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.

$284,999

PROJECTED PRICE

$1,090

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,749
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,128

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0903$1,1004$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 5262 Hillsboro Lane Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,216 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,216 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.90
    •  
  • 5110 Rappahanock Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.90
    •  
  • 5038 Marin Street #3 Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 5691 Hobble Creek Drive Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1986
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 5135 Harmon Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1961
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
PROPERTY LISTING DETAILS
Angel Flores
1.702.419.9184
Blue Diamond Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262623
Last Updated: 01/24/2021
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