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5443 Golden Leaf Avenue Las Vegas, NV 89122

2 Beds 2 Baths 1,778 sqft Built 2000

$349,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $196.79
  • 3 Days on Market
  • MLS # : 2279404
  • Updated Date : 03/20/2021 at 04:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,778 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Golf Course Frontage in Solera at Stallion Mountain!  Fantastic 2 bedroom plus den floor plan with an addition expanding the living room and primary suite.  Vaulted ceilings and beautiful wood-like tile floors in the living room,  A sizable primary suite complete with oversized shower, jetted tub, ample storage with walk-in closet, separate shoe closet, and dual vanities.   Remodeled spare bathroom with European style shower and granite counters.  Extended covered patio to relax and enjoy the lush green views of the golf course.  HOA maintains front yard landscaping and is a short walk to the community pool and clubhouse. All appliances and water softener convey.  Garage cabinets, shelving, and sheds stay. Rolling shutters on the windows. Photos will be uploaded on 3/19.

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: Stallion Montain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k306k

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

Neighborhood: Stallion Montain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10071606

* 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
Cynthia Cunningham Elementary School Primary Regular 801 38 4
Kathleen And Tim Harney Middle School Middle Regular 1,845 71 NA
Chaparral High School High Regular 2,270 87 3

Cynthia Cunningham Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 38
4
GreatSchools Rating

Kathleen And Tim Harney Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 71
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,215
Property Tax -$214
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$229

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.

$349,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,209

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1503$1,380
$1,380
RENT COMPS ANALYSIS
  • 5443 Golden Leaf Avenue Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,778 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,778 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.78
    •  
  • 3621 Cape Cod Drive #0 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1980
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.66
    •  
  • 4320 Carmine Street #none Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,643 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,643 Sqft ∙ Built 1997
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.70
    •  
PROPERTY LISTING DETAILS
Nichole L Teter
1.702.503.4434
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279404
Last Updated: 03/20/2021
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