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5412 Indian Hills Avenue Las Vegas, NV 89130

3 Beds 2 Baths 2,316 sqft Built 1986

$396,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $170.98
  • 10 Days on Market
  • MLS # : 2250723
  • Updated Date : 12/05/2020 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,316 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Charming and beautifully maintained single story house in Los Prados is ready for move in! Kitchen has upgraded cabinets, granite countertops, Subzero stainless steel refrigerator, Wolf induction cooktop, oven, microwave and warming drawer plus Bosch dishwasher! Kitchen flows into a family room featuring a granite framed fireplace, and mounted flat screen television with BOSE sound system in place. Primary bathroom has remodeled shower, crushed granite countertops, and separate jetted tub. Guest room/office is outfitted with built-in desk, bookshelves, murphy bed and walk in closet. French doors open directly to a backyard oasis: towering palm trees, grass area, pomegranate tree and two covered patios. Two car garage contains water conditioning system and cabinets for storage plus a work bench area. Los Prados is a guard gated golf course community with tennis, pickle ball, clubhouse and restaurant. This house is a peaceful, quaint and comfortable place to call home.

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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: Los Prados

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k336k

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

Neighborhood: Los Prados

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10621606

* 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
Ernest May Elementary School Primary Regular 665 33 8
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Shadow Ridge High School High Regular 2,697 105 6

Ernest May Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 33
8
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$356,400$435,600$396,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,461
Property Tax -$237
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$300

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.

$396,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,690

INVESTMENT

$110,690

Down Payment
$99,000
Rehab Estimate
$5,750
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,000
Loan Amount $297,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5403$1,5904$1,6505$1,895
$1,895
RENT COMPS ANALYSIS
  • 5412 Indian Hills Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,316 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,316 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.69
    •  
  • 5049 Dancing Lights Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2000
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.65
    •  
  • 5222 Pioneer Cabin Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2003
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.70
    •  
  • 6156 Copper Crest Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1995
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 6336 Malachite Bay Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1997
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Nancy Wong
1.702.348.8929
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250723
Last Updated: 12/05/2020
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