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5598 Exotic Rosette Avenue Las Vegas, NV 89139

4 Beds 3 Baths 3,363 sqft Built 2007

$685,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

$187,275

Investment Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $203.69
  • 2 Days on Market
  • MLS # : 2251208
  • Updated Date : 12/05/2020 at 18:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,363 sqft
  • Baths : 3 full
Listing Agent

Pacific International Realty

Listing Agent's Description

IMMACULATE SPACIOUS 1STORY HOME LOCATED IN AN ALL SINGLE STORY COMMUNITY PERFECTLY TUCKED AWAY in CULdeSAC*ENJOY THE QUIET OF THE HIGHLY DESIRED SW LV*YOU WILL BE IN AWE FROM THE MOMENT YOU PULL UP TO THIS HIGHLY UPGRADED HOME*TRUE PRIDE OF OWNERSHIP IS BEING DISPLAYED THROUGHOUT THIS EXTENSIVELY UPGRADED HOME*THE LIST IS ENDLESS,TOO MANY TO MENTION,WORDS WILL NOT DO IT JUSTICE*FORMAL LIVING&DINING RM, BUTLER PANTRY & WET BAR*FLRPLAN FEATURES OPEN-CONCEPT GREATROOM W/ FP & STUNNING VIEWS OF THE BACKYARD PARADISE*BEAUTIFUL GOURMET KITCHEN W/DBL OVENS, HUGE BREAKFAST BAR, ISLAND, LARGE WALK-IN PANTRY*3 OF 4 BEDROOMS HAVE THEIR OWN BATHROOMS*MAIN MASTER HAS SPA-LIKE BATHROOM WITH SEPARATE SOAKING TUB, STEAM SHOWER & DUAL SEPARATE VANITIES+ACCESS TO BACKYARD, GORGEOUS POOL/SPA WITH RED ROCK WATERFALLS, COV'D PATIO WITH PAVERS & BUILT-IN BBQ UNDER VIEWING DECK*THIS HOME IS ABSOLUTELY PERFECT FOR ENTERTAINING*3CAR GARAGE WITH EPOXY FLOORING, 2AUTO DOOR OPENERS, CONVENIENT ENTRY INTO KITCHEN

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k369k

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

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761902

* 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
Aldeane Comito Ries Elementary School Primary Regular 975 57 4
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Aldeane Comito Ries Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 57
4
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$616,500$753,500$685,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,527
Property Tax -$471
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
-$209

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.

$685,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment		 $171,250
Rehab Estimate		 $5,750
Closing Costs		 $10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$34,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT

  • $0.89

    LIST RENT PER SQFT

  • $2,405

    COMP ESTIMATED VALUE

  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2753$2,3954$2,7995$3,000
$3,000
RENT COMPS ANALYSIS
  • 5598 Exotic Rosette Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.89
    •  
  • 5845 Pillar Rock Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,046 Sqft ∙ Built 2014 4 beds 2 baths ∙ 3,046 Sqft ∙ Built 2014
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.65
    •  
  • 5543 Dancing Fox Court #0 Las Vegas, NV 2
    • 3 beds 4 baths ∙ 3,019 Sqft ∙ Built 2016 3 beds 4 baths ∙ 3,019 Sqft ∙ Built 2016
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.75
    •  
  • 9967 Pipestone Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2006
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.70
    •  
  • 5750 Stoneheath Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 2013
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $0.76
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Jamie K Carr
1.702.210.4496
Pacific International Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251208
Last Updated: 12/05/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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