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5705 Sliding Rock Street Las Vegas, NV 89149

3 Beds 1 Baths 1,851 sqft Built 1996

$410,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $221.50
  • 2 Days on Market
  • MLS # : 2269964
  • Updated Date : 02/13/2021 at 20:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,851 sqft
  • Baths : 1 full
Listing Agent

Elite Realty

Listing Agent's Description

Remodeled home in Canyon Creek North, northwest one story home community! Low HOA fee! Almost $100,000 in this remodeled and updated home! List at the house! 3 bedrooms plus double door study off entry! Large front living room, open kitchen and family room! New HVAC system, new water heater! Home listed $5,000 below current Brent Jones appraisal at $415,000!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Canyon Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k377k

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

Neighborhood: Canyon Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600165017001750Rent in $10761784

* 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,424
Property Tax -$239
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$216

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.

$410,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.9%
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$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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,6004$1,6005$1,630
$1,630
RENT COMPS ANALYSIS
  • 5705 Sliding Rock Street Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,851 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,851 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.88
    •  
  • 7800 Wind Drift Road Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1993
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.93
    •  
  • 5468 Royal Vista Lane #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1993
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 7758 Vista Sunrise Drive #n/a Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1991
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 7912 Painted Rock Lane Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1991
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
PROPERTY LISTING DETAILS
Nancy J Cokinda
1.702.596.2497
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269964
Last Updated: 02/13/2021
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