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5550 Smoke Signal Avenue Las Vegas, NV 89118

3 Beds 3 Baths 1,468 sqft Built 1998

$265,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $180.52
  • 16 Days on Market
  • MLS # : 2250061
  • Updated Date : 12/04/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,468 sqft
  • Baths : 2 full , 1 half
Listing Agent

Black & Cherry Real Estate

Listing Agent's Description

Pride Of Ownership shows Throughout/Original Owner No pets and No rent ever in this beautiful Home. Immaculate and ready to move in. most Coveted Cottonwood community near shopping/HI-WAY/Schools/Restaurants. Cross Streets Lindell/Russell/Hacienda! Gated and super desirable Community features up to 3 pools and garden areas. A MUST SEE HOME! PRICED TO SELL Owner Moving Out of Country! Welcome Home!

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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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Helen Jydstrup Elementary School Primary Regular 765 32 5
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Helen Jydstrup Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 32
5
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$978
Property Tax -$154
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$153

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.

$265,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$38,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3903$1,4504$1,4505$1,460
$1,460
RENT COMPS ANALYSIS
  • 5550 Smoke Signal Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.99
    •  
  • 5741 Vulture Peak Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1997
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.94
    •  
  • 5376 Harvest Breeze Road Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,389 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,389 Sqft ∙ Built 1997
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.00
    •  
  • 5675 Leaning Oak Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 2000
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 5467 Dungaree Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,431 Sqft ∙ Built 2000
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
PROPERTY LISTING DETAILS
Raymonda C Dagher
1.702.280.7940
Black & Cherry Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250061
Last Updated: 12/04/2020
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