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5509 Auborn Avenue Las Vegas, NV 89108

4 Beds 2 Baths 1,144 sqft Built 1971

$254,999

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $222.90
  • 12 Days on Market
  • MLS # : 2270454
  • Updated Date : 02/16/2021 at 06:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

Park Place Realty

Listing Agent's Description

Charming single story home featuring 4 bedrooms and 2 bathrooms, large living room, and eat in kitchen with granite countertops. Home has a large backyard for your enjoyment. This property does not include an hoa.

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
Bertha Ronzone Elementary School Primary Regular 953 54 2
J. Harold Brinley Middle School Middle Regular 914 41 NA
Western High School High Regular 2,534 112 2

Bertha Ronzone Elementary School

  • Education Level: Primary
  • # of students: 953
  • # of teachers: 54
2
GreatSchools Rating

J. Harold Brinley Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 41
NA
GreatSchools Rating

Western High School

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

$229,499$280,499$254,999

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$886
Property Tax -$99
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
$77

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.

$254,999

PROJECTED PRICE

$1,230

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,249
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$22,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,021

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0993$1,1954$1,2305$1,300
$1,300
RENT COMPS ANALYSIS
  • 5509 Auborn Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.08
    •  
  • 2306 Maverick Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1979
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 5722 West Lake Mead Boulevard #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1972
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,099
    • $0.88
    •  
  • 4616 Mark Las Vegas, NV 3
    • 4 beds 1 baths ∙ 1,372 Sqft ∙ Built 1972 4 beds 1 baths ∙ 1,372 Sqft ∙ Built 1972
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.87
    •  
  • 2304 Bristol View Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 1987
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cesar Gamboa
1.702.241.4173
Park Place Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270454
Last Updated: 02/16/2021
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