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5336 Images Court Las Vegas, NV 89107

3 Beds 3 Baths 1,635 sqft Built 1989

INVESTimate

$270,000

List Price

$1,340

$1,206 - $1,474

Rent Est.

$302,670  ( +12.10%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $165.14
  • 6 Days on Market
  • MLS # : 2224104
  • Updated Date : 08/21/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,635 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Encore

Listing Agent's Description

VIVA VIVA LAS VEGAS!!. THIS GREAT 2STORY HOME FEATURES MASTER BEDROOM DOWN STAIRS THAT HAS ACCESS TO BACK YARD. HOUSE FEATURES VAULTED CEILINGS DOWNSTAIRS WITH BACK YARD ACCESS THROUGH LIVING ROOM. LIVING ROOM COMES WITH FIRE PLACE HAS DOWNSTAIRS HAS PEN SPACIOUS FLOOR PLAN. GUEST HALF BATHROOM DOWNSTAIRS AS 2ND AND 3RD BEDROOMS UPSTAIRS. BOTH 2ND AND 3RD BEDROOMS SHARE UPSTAIRS BATHROOM. UPSTIARS ATTIC HAS GREAT STORAGE PLACE WHICH ALSO LEADS TO FURNACE. FILTERS ARE METAL AS THEY ARE WASHABLE. SPACIOUS BACK YARD COVERING SIDES AND BACK OF HOUSE. WHITE PICKET FENCE IN FRONT TO GIVE THAT WELCOME HOME FEEL. PROPERTY IS LOCATED NEAR SCHOOLS, SHOPPING MALL AND FREEWAY ACCESS.

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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: Images

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Images

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Red Rock Elementary School Primary Regular 787 42 3
Frank F. Garside Junior High School Middle Regular 1,209 52 NA
Western High School High Regular 2,534 112 2

Red Rock Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 42
3
GreatSchools Rating

Frank F. Garside Junior High School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 52
NA
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$996
Property Tax -$179
Property Insurance -$59
HOA -$80
Property Management Fees -$119
CASH FLOW
-$93

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.

$270,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.10%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,353

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3404$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 5336 Images Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.82
    •  
  • 5304 Harmony Avenue #home Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,502 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,502 Sqft ∙ Built 1990
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
  • 5369 Images Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1990
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 132 Countrywood Circle Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1989
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 5324 Desert Bloosom Road Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Gianno Buonaguro
1.702.528.2810
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224104
Last Updated: 08/21/2020
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