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5389 Winston Drive Las Vegas, NV 89103

5 Beds 3 Baths 2,568 sqft Built 1978

INVESTimate

$350,000

List Price

$2,180

$1,962 - $2,398

Rent Est.

$382,655  ( +9.33%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $136.29
  • 17 Days on Market
  • MLS # : 2220831
  • Updated Date : 08/25/2020 at 21:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,568 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

Highly desired area Spring Valley NO HOA!!!. Beautiful 3 level property, pool & spa w/ covered patio ready to enjoy the summer. Garage has been converted into a huge bedroom w/ full bath, shutters throughout the house. Separate family room with fireplace and wet area for entertainment. The kitchen has a gorgeous view to the pool. this home has 5 bed, 4 bath, formal living room and formal dining as well. Master bath has a dressing area w/ vanity . Your family will love this house!!!.

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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: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k317k

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

Neighborhood: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651625

* 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
C.h. Decker Elementary School Primary Regular 698 36 3
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

C.h. Decker Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 36
3
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,291
Property Tax -$191
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$502

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.

$350,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.33%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

12.58

YEARS SAVED

$80,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,497

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,055
1$2,0552$2,1803$2,2504$2,4905$2,650
$2,650
RENT COMPS ANALYSIS
  • 5389 Winston Drive Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,568 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.85
    •  
  • 2920 Sean Darin Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,055
    • $0.86
    •  
  • 6240 Pride Lane Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1990
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 3155 Duneville Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1976
    property image
    LEASED 04/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.04
    •  
  • 2825 Bronco Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,566 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,566 Sqft ∙ Built 1985
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Loraine Martinez-brown
1.702.955.6080
Keller Williams Realty Sw
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2220831
Last Updated: 08/25/2020
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