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5399 West Regal Avenue Las Vegas, NV 89146

4 Beds 1 Baths 1,755 sqft Built 1971

$265,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $151.00
  • 3 Days on Market
  • MLS # : 2244081
  • Updated Date : 11/02/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,755 sqft
  • Baths : 1 full
Listing Agent

Century 21 Gavish Real Estate

Listing Agent's Description

Nice four bedroom home in a NO HOA sub-division of Spring Valley! Beautifully maintained yard, front and back. Custom brickwork everywhere provides clean landscaped look and is low maintenance. One owner for 48 years, never rented. Addition of a family dining room show a home that was loved where great memories were made. Large bedrooms with extra space for desks or sitting areas. Very large primary bedroom with a BONUS ROOM and bathroom attached. Brand new alarm system, extra solid front door and gate enclosed front porch area provide secure peace of mind. RV, boat or "toy" parking on the side with its own paved entry. Lots of parking space in driveway and on street. Cozy front living room with brick fireplace and a foyer entrance. Backyard has covered patio great for entertaining.

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
Dr C. Owen Roundy Elementary School Primary Regular 876 49 5
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

Dr C. Owen Roundy Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 49
5
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$978
Property Tax -$122
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$220

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.

$265,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$46,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,5003$1,5004$1,5005$1,800
$1,800
RENT COMPS ANALYSIS
  • 5399 West Regal Avenue Las Vegas, NV 4
    • 4 beds 1 baths ∙ 1,755 Sqft ∙ Built 1971 4 beds 1 baths ∙ 1,755 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 3009 Matterhorn Way #- Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1963
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.90
    •  
  • 3214 Cereus Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 1978
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 3235 Mountain Spring Road Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1978
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 3140 Lindell Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
PROPERTY LISTING DETAILS
Russell Hampton
1.209.261.8679
Century 21 Gavish Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244081
Last Updated: 11/02/2020
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