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5411 Pinosa Court Las Vegas, NV 89141

4 Beds 4 Baths 2,796 sqft Built 2004

$474,990

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $169.88
  • 2 Days on Market
  • MLS # : 2259755
  • Updated Date : 01/09/2021 at 18:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,796 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Get Ready To Move! No rear neighbor offers a clear view of the Southern Highland hills. With almost 2800sqft, plus Casita, this beautiful home has all the space your family needs. Plenty of windows thru out fill the 1st floor with a light and open feeling. This home features a comfortably formal living room & separate dining room; a cozy family room with fireplace; and an open kitchen with eating nook, large island with breakfast bar, granite counters & glass tile backsplash, upgraded cabinets, pantry and stylish black & s/s appliances. Upstairs, the private Primary suite includes sitting area, access to the balcony, walkin & 2nd closet, and a bath with dual vanities and separate shower and tub. Bedrooms 2 & 3 each have a walkin closet as well. The Casita has a full bath and is perfect as a home office/classroom or as an extra bedroom for extended family or guests. Out back there is a lawn area for family fun, low maintenance landscape and a covered patio & balcony to enjoy the view.

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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$427,491$522,489$474,990

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,650
Property Tax -$306
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$16

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.

$474,990

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,622

INVESTMENT

$131,622

Down Payment
$118,748
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,748
Loan Amount $356,243
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,083

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$2,0954$2,1405$2,295
$2,295
RENT COMPS ANALYSIS
  • 5411 Pinosa Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.77
    •  
  • 5660 Tallard Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 11198 Lavandou Drive #0 Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2001
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.64
    •  
  • 5519 Cortu Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2001
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
  • 5643 Almocita Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,746 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,746 Sqft ∙ Built 2002
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
PROPERTY LISTING DETAILS
Delinda Crampton
1.702.219.3144
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259755
Last Updated: 01/09/2021
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