Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5501 Kettering Place Las Vegas, NV 89107

3 Beds 2 Baths 1,565 sqft Built 1985

$274,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $175.40
  • 7 Days on Market
  • MLS # : 2274081
  • Updated Date : 03/11/2021 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,565 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Charming 2 story home located in the Northwest. This home features 1,565 square feet (145 meters), 3 spacious bedrooms, 2 bathrooms, 2 car garage (drive-thru garage on one side), vaulted ceilings, voluminous living room with cozy brick fireplace, gigantic upstairs masters bedroom with enormous walk-in closet, quaint kitchen with garden window, all appliances are included, a new roof in 2019, roomy backyard with real grass and room for a pool if desired, and NO home owner's association. You can't beat this location - close to dining, shopping, freeways, hospitals, airport, etc.

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: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9641603

* 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
Red Rock Elementary School Primary Regular 787 42 3
Frank F. Garside Junior High School Middle Regular 1,209 52 NA
Western High School High Regular 2,534 112 2

Red Rock Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 42
3
GreatSchools Rating

Frank F. Garside Junior High School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 52
NA
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating
 

$247,050$301,950$274,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$953
Property Tax -$158
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$142

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.

$274,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$78,493

INVESTMENT

$78,493

Down Payment
$68,625
Rehab Estimate
$5,750
Closing Costs
$4,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$953

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,625
Loan Amount $205,875
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$28,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4303$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 5501 Kettering Place Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.91
    •  
  • 5304 Padua Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1999
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 5324 Desert Bloosom Road Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 5128 Padua Way Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 804 Breanna Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
PROPERTY LISTING DETAILS
Danielle M Hess
1.702.498.5622
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2274081
Last Updated: 03/11/2021
BESbswy