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5455 San Florentine Avenue Las Vegas, NV 89141

4 Beds 5 Baths 3,743 sqft Built 2001

$949,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $253.54
  • 3 Days on Market
  • MLS # : 2259659
  • Updated Date : 01/09/2021 at 06:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,743 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

INCREDIBLE 2 STORY LOCATED ON .26 ACRE LOT IN SOUTHERN HIGHLANDS GUARD GATED COMMUNITY. THIS IMMACULATE HOME OFFERS A BRIGHT AND OPEN FLOOR PLAN WITH VAULTED CEILINGS, WET BAR, FORMAL LIVING AND DINING. GOURMET KITCHEN CONSISTS OF AN ISLAND, BAR SEATING, GARDEN WINDOW AND SS APPLIANCES, ADJACENT TO FAMILY ROOM WITH SURROUND SOUND AND COZY FIREPLACE. OVERSIZED ENSUITE ON MAIN LEVEL. EXCEPTONAL MASTER SUITE INCLUDES SPA-LIKE BATH, SEPARATE TUB AND SHOWER, DUAL SINKS, VANITY AND CUSTOM WALK-IN CLOSETS. LOFT/GAME ROOM, 2 ADDITIONAL BEDROOMS WITH BATH ON 2ND LEVEL. GUEST HOUSE IS COMPRISED OF A SITTING AREA, KITCHENETTE, REFRIGERATOR, MICROWAVE, SINK AND BATHROOM WITH PRIVATE ACCESS. DETACHED CASITA ADDS AN ADDITIONAL 424 SQ FT FOR A TOTAL OF 4,167 SQ FT. LUSH LANDSCAPING WITH SPARKLING POOL/WATERFALL, SPA, EXTENDED COVERED PATIO, BBQ, STONE BAR AND FIRE PLACE. ENTERTAINERS DREAM HOME! MINUTES FROM PARKS, SCHOOLS, SHOPPING, DINING & MORE

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
Charles And Phyllis Frias Elementary School Primary Regular 802 41 10
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Charles And Phyllis Frias Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 41
10
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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,296
Property Tax -$543
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$918

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.

$949,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.33%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,163

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1403$3,2954$3,3005$3,695
$3,695
RENT COMPS ANALYSIS
  • 5455 San Florentine Avenue Las Vegas, NV 2
    • 4 beds 5 baths ∙ 3,743 Sqft ∙ Built 2001 4 beds 5 baths ∙ 3,743 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $0.84
    •  
  • 10170 Cascadia Creek Street Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,971 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,971 Sqft ∙ Built 2018
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.76
    •  
  • 5728 Collier Falls Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 4,027 Sqft ∙ Built 2015 5 beds 3 baths ∙ 4,027 Sqft ∙ Built 2015
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.82
    •  
  • 5558 San Palazzo Court Las Vegas, NV 4
    • 4 beds 5 baths ∙ 3,743 Sqft ∙ Built 2002 4 beds 5 baths ∙ 3,743 Sqft ∙ Built 2002
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.88
    •  
  • 5300 Donora Avenue Las Vegas, NV 5
    • 5 beds 5 baths ∙ 3,998 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,998 Sqft ∙ Built 2003
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $0.92
    •  
PROPERTY LISTING DETAILS
Julie B Buchi
1.702.355.9099
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259659
Last Updated: 01/09/2021
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