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5704 Shadow Bend Drive Las Vegas, NV 89135

4 Beds 4 Baths 2,573 sqft Built 2013

$510,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $198.21
  • 4 Days on Market
  • MLS # : 2279703
  • Updated Date : 03/19/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,573 sqft
  • Baths : 3 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Popular Pulte floorplan with Downstairs Master, large walk in closet, dual sinks in master bath and separate shower. Upgraded kitchen opens up to vaulted ceilings in the family room. Upstairs you will find a double loft overlooking the large family room, 3 additional bedrooms one complete ensuite with private bathroom and walk in closet. Covered patio, Tankless water heater. Community features both adult and kid pool, playground and park.

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: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k472k

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

Neighborhood: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762305

* 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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,771
Property Tax -$325
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$188

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.

$510,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$51,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,612

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,4804$2,8005$2,880
$2,880
RENT COMPS ANALYSIS
  • 5704 Shadow Bend Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.96
    •  
  • 10522 Tranquil Glade Lane #0 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 2013
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 10474 Lyric Arbor Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2008
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 5787 Mesa Mountain Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2013
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.09
    •  
  • 10665 Acacia Park Place Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2011
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.12
    •  
PROPERTY LISTING DETAILS
Angela K Tina
1.702.524.9718
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279703
Last Updated: 03/19/2021
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