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5451 Mesa Drive Las Vegas, NV 89110

3 Beds 1 Baths 1,595 sqft Built 1978

$325,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $203.76
  • 2 Days on Market
  • MLS # : 2254047
  • Updated Date : 12/19/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,595 sqft
  • Baths : 1 full
Listing Agent

United Realty Group

Listing Agent's Description

Spacious 1 story Home, has an Additional SF. Build toward backyard, Great Lot Size, Plenty of options, Quite NE Community, Near all Major Parks, Routs, Shopping, Dining, Community Center & More... Garage & Patio are converted with additional 200SF.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Charlotte And Jerry Keller Elementary School Primary Regular 732 41 4
Charlotte And Jerry Keller Elementary School Middle Regular 732 41 4
Eldorado High School High Regular 1,920 76 1

Charlotte And Jerry Keller Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 41
4
GreatSchools Rating

Charlotte And Jerry Keller Elementary School

  • Education Level: Middle
  • # of students: 732
  • # of teachers: 41
4
GreatSchools Rating

Eldorado High School

  • Education Level: High
  • # of students: 1,920
  • # of teachers: 76
1
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,199
Property Tax -$117
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$183

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,352

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3103$1,3404$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 5451 Mesa Drive Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,595 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,595 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.82
    •  
  • 743 Remington Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,484 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,484 Sqft ∙ Built 1973
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.81
    •  
  • 5832 Butterum Court Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1986
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.85
    •  
  • 6016 Great Falls Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1984
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 5843 Sutcliffe Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1986
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
PROPERTY LISTING DETAILS
Anat Meged
1.702.417.9003
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254047
Last Updated: 12/19/2020
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