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549 Green Sage Way Las Vegas, NV 89138

5 Beds 4 Baths 3,413 sqft Built 2013

$789,100

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $231.20
  • 6 Days on Market
  • MLS # : 2257289
  • Updated Date : 12/22/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,413 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Advantage

Listing Agent's Description

Beautiful 5 bed/4 bath home in Summerlin w/gorgeous natural light*Tesla solar installed*Hardwood floors throughout*Courtyard*Full bed & bath down*formal living w/cathedral ceiling*Original Owner*Fresh paint*Plantation shutters*Formal dining room*Kitchen w/stainless appliances, RO system, water softener, pantry, nook, island & granite counters w/mosaic backsplash*wet bar w/wine refrigerator*family rm w/fireplace*New washer, front load dryer*master w/Huge shower & tub, walk in closets, his & hers vanity*full size balcony w/stunning Red Rock Mt views*Modern tranquil backyard with covered patio, palm trees, pergola, lighting and low maintenance artificial turf*No neighbors behind*3 car garage*

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 Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$710,190$868,010$789,100

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,911
Property Tax -$561
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
-$274

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.

$789,100

PROJECTED PRICE

$3,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,862

INVESTMENT

$214,862

Down Payment
$197,275
Rehab Estimate
$5,750
Closing Costs
$11,837

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,275
Loan Amount $591,825
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$37,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,422

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,4104$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 549 Green Sage Way Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,413 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,413 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.00
    •  
  • 270 Calgrove Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2015
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 327 Elder View Drive Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,598 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,598 Sqft ∙ Built 2015
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.89
    •  
  • 12037 La Palmera Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2007
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 12049 La Palmera Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2006
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Sandra L Thomas
1.702.480.9918
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257289
Last Updated: 12/22/2020
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