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5478 Bristol Grove Lane Las Vegas, NV 89135

3 Beds 3 Baths 2,052 sqft Built 2013

$449,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $218.81
  • 2 Days on Market
  • MLS # : 2255127
  • Updated Date : 12/12/2020 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,052 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxurious Real Estate

Listing Agent's Description

This Immaculate 2-story home in the Mesas at Summerlin, offers an open floor plan with 2,052+/- SQFT, of living, 3 bedrooms, 3 baths, loft/den, 2 car garage. Gorgeous inside with designer finishes, gourmet kitchen, stainless steel appliances, breakfast bar, granite countertops, beautiful cabinetry, tile flooring, elegant master retreat with stunning bathroom, walk-in closets, picturesque landscaping. The perfect location… The Mesa Village in Summerlin is nestled against the Spring Mountain ridgeline, providing a pristine, unobstructed backdrop and radiant views and is a 497-acre residential village, featuring single- and multi-family neighborhoods, The Mesa Park, a 19-acre village park with three little league fields, tennis, basketball courts and more; Bishop Gorman High School, the valley's premier private college preparatory school. Just minutes away… Explore Downtown Summerlin, that offers world-class shopping, restaurants, indoor and outdoor venues & events.

SEE MORE

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: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k472k

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

Neighborhood: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762305

* 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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,657
Property Tax -$296
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$28

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.

$449,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$33,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,949

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9503$2,0954$2,1105$2,200
$2,200
RENT COMPS ANALYSIS
  • 5478 Bristol Grove Lane Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.03
    •  
  • 5493 Twin Feathers Way Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2006
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.91
    •  
  • 5497 Twin Feathers Way Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2006
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 5491 Sentinel Point Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 2013
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
  • 5532 Bristol Grove Lane Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2012
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Robert D Barnhart
1.702.250.6062
Luxurious Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255127
Last Updated: 12/12/2020
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