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5644 Pinnacle Falls Street North Las Vegas, NV 89081

2 Beds 2 Baths 1,893 sqft Built 2012

$374,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $198.05
  • 6 Days on Market
  • MLS # : 2242475
  • Updated Date : 10/29/2020 at 16:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,893 sqft
  • Baths : 2 full
Listing Agent

Smg Realty

Listing Agent's Description

Luxury and Resort Style Living in this 55+ Guard Gated Community. This stunning home features 2 Bedrooms, 2 Baths, a Den, a bonus ""Smart Space" for office/hobby/crafts and etc., and a gourmet kitchen that features above and below cabinet lighting, granite counter tops, breakfast bar, kitchen island, built-in Double Ovens, and a separate dining area that features a Sliding Glass Wall to the covered and enclosed patio area with Fireplace. The community of Ardiente features 7 parks, 2 outdoor swimming pools, a separate spa, tennis and pickle ball courts, a basketball court, 2 putting greens, a dog park, and a Clubhouse with a gym, fitness center, an entertainment/meeting center, and a community kitchen and barbecue area.

SEE MORE

MARKET HIGHLIGHTS

  • 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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,383
Property Tax -$305
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$181

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.

$374,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,6503$1,6504$1,690
$1,690
RENT COMPS ANALYSIS
  • 5644 Pinnacle Falls Street North Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,893 Sqft ∙ Built 2012 2 beds 2 baths ∙ 1,893 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.89
    •  
  • 3613 Citrus Heights Avenue #0 North Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 3645 Starlight Ranch Avenue North Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,898 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,898 Sqft ∙ Built 2017
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 5641 Keystone Crest Street North Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,592 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,592 Sqft ∙ Built 2017
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Robert B Tait
1.702.582.3090
Smg Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242475
Last Updated: 10/29/2020
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