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
5628 Majestic Tide Avenue 
Las Vegas, NV
89131
3 Beds 3 Baths 2,080 sqft
Built 2001
INVESTimate
$370,000
List Price
$103,800
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $177.88
- 2 Days on Market
- MLS # : 2224438
- Updated Date : 08/25/2020 at 18:36
CONSTRUCTION
- Beds : 3
- Floor Size : 2,080 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
BEAUTIFUL ONE STORY PROPERTY OPEN FLOORPLAN WITH POOL & SPA IN SPACIOUS BACKYARD INSIDE THE GATED LYNBROOK NEIGHBORHOOD! POOL HAS SOLAR PANELS THAT ARE OWNED & CONVEY TO THE BUYER. LOW MAINTENANCE YARD WITH SYTHETIC TURF & COVERED PATIO. KITCHEN HAS ISLAND STYLE BREAKFAST BAR & TONS OF OPEN SPACE. WELL KEPT SHINY 22" TILE FLOORING THROUGHOUT, & APPLIANCES, SOFT WATER, SOLAR PANELS, BBQ ALL INCLUDED, AS IS. DEN CAN BE 4TH BEDROOM OR OFFICE. THIS PROPERTY IS TURN KEY & IN GREAT MOVE-IN READY CONDITION.
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Lynbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lynbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$304 | |
| Property Insurance | -$67 | |
| HOA | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$160
|
||
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.
$370,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.23% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
3.5
YEARS SAVED
$13,508
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,607
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
5628 Majestic Tide Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,770
- $0.85
-
7671 Rainbow Cove Drive Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,959 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,959 Sqft ∙ Built 2002
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,475
- $0.75
-
7515 Trickling Wash Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2001
LEASED 11/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
7659 Plunging Falls Drive North Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,545
- $0.76
-
5860 Gushing Spring Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2002
LEASED 08/26/19- Rent
- Rent Per SQFT
- $1,800
- $0.77
PROPERTY LISTING DETAILS
1.702.401.0307
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224438
Last Updated: 08/25/2020
