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5376 Bocopa Street Las Vegas, NV 89148

5 Beds 4 Baths 4,128 sqft Built 2015

$680,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $164.73
  • 4 Days on Market
  • MLS # : 2255032
  • Updated Date : 12/11/2020 at 16:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,128 sqft
  • Baths : 3 full , 1 half
Listing Agent

Evolve Realty

Listing Agent's Description

Up for sale is a former model home built on a large corner lot. Home is fully upgraded and has a den & a bedroom with it's own bathroom dowastairs. The main features are: 9ft ceilings, two-tone paint, shutters & Cellular shades on all windows; Gourmet kitchen with mosaic back splash, double ovens, quartz countertop & stainless steel appliances; Huge upstairs loft; Master bedroom with sitting area & super bathroom; Laminate wood flooring & tiles in all wet areas; Built in furniture; Covered patio & fully landscaped front & backyard; A minute to the community pool & park, and much more. This is a must see.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

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

$612,000$748,000$680,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,509
Property Tax -$430
Property Insurance -$107
Property Management Fees -$119
CASH FLOW
-$365

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.

$680,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$21,520

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,890

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$2,9004$2,950
$2,950
RENT COMPS ANALYSIS
  • 5376 Bocopa Street Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.68
    •  
  • 5512 Oakview Falls Court Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,862 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,862 Sqft ∙ Built 2002
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.75
    •  
  • 6250 Sandford Creek Street Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,271 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,271 Sqft ∙ Built 2017
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 8864 La Manga Avenue #0 Las Vegas, NV 4
    • 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,396 Sqft ∙ Built 1996
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.67
    •  
PROPERTY LISTING DETAILS
Wenye Yan
1.702.981.2818
Evolve Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255032
Last Updated: 12/11/2020
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