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5712 Mount Athos Street North Las Vegas, NV 89031

3 Beds 2 Baths 2,006 sqft Built 2004

$280,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $139.58
  • 4 Days on Market
  • MLS # : 2254848
  • Updated Date : 12/10/2020 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,006 sqft
  • Baths : 2 full
Listing Agent

Omni -terra Solutions

Listing Agent's Description

THIS GREAT HOME IS LOCATED IN THE NORTH PART OF TOWN. HAS A 3 BEDROOM AND 2 AND HALF BATHROOMS WITH A 2 CAR GARAGE. OPEN AIRY FEELING THE MINUTE YOU WALK THROUGH THE FRONT DOOR. KITCHEN IS OPEN WITH A BREAKFAST BAR AND ELBOW ROOM TO COOK. COMMUNITY POOL AND PLAYGROUND WITH LUSH LANDSCAPING. CLOSE TO SCHOOLS, SHOPPING AND PARKS.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Maravilla

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k296k

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

Neighborhood: Maravilla

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9391606

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,033
Property Tax -$235
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$47

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.

$280,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$25,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,580

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,4953$1,5004$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 5712 Mount Athos Street North Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 4447 Acropolis Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2004
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.74
    •  
  • 4433 Nestos Valley Avenue #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 5640 Mount Athos Street #na North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 4452 Oberlander Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 2005
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
PROPERTY LISTING DETAILS
Chen Elimor
1.702.203.2244
Omni -terra Solutions
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254848
Last Updated: 12/10/2020
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