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5426 Rottweiler Court Las Vegas, NV 89131

3 Beds 2 Baths 2,306 sqft Built 2001

$425,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $184.30
  • 6 Days on Market
  • MLS # : 2244347
  • Updated Date : 11/04/2020 at 04:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,306 sqft
  • Baths : 2 full
Listing Agent

Prominent Realty Group Llc

Listing Agent's Description

INCREDIBLE turn key property with tons of upgrades....The open kitchen features rustic style cabinets with leather style natural edge granite...Many many details and upgrades throughout this property. This is a highly upgraded property in turn key condition. The owner just put in 3/4 cappuccino desert scape package. Master features a retreat/ study...

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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: Bradley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k414k

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

Neighborhood: Bradley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600165017001750Rent in $10761772

* 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
Howard Heckethorn Elementary School Primary Regular 657 35 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Howard Heckethorn Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 35
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,568
Property Tax -$295
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$384

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.

$425,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.2%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,849

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6703$1,9004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5426 Rottweiler Court Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.72
    •  
  • 5008 Soaring Springs Avenue North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2002
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 7541 Splashing Rock Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 5422 Basset Hound Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 5005 Soaring Springs Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 2002
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
PROPERTY LISTING DETAILS
Daniel E Costigan
1.702.460.4524
Prominent Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244347
Last Updated: 11/04/2020
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