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5725 Bullhead Street North Las Vegas, NV 89031

4 Beds 2 Baths 2,397 sqft Built 2009

$365,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $152.27
  • 6 Days on Market
  • MLS # : 2257251
  • Updated Date : 12/22/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,397 sqft
  • Baths : 2 full
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

BEAUTIFUL HOME IN THE NW IN GATED COMMUNITY*GREAT FLOORPLAN WITH ALL 4 BEDROOMS ON THE FIRST FLOOR*SECOND FLOOR IS A HUGE FAMILY ROOM WITH A BIG STORAGE ROOM!*VAULTED CEILINGS* OPEN KITCHEN WITH BREAKFAST BAR AND DINING AREA*TILE FLOORING THROUGHOUT THE FIRST FLOOR EXCEPT ON BEDROOMS* SEPARATE MASTER BEDROOM*BIG BACKYARD*LOTS OF POTENTIAL*A MUST SEE!

SEE MORE

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: Riverwalk Ranch Cove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $110k309k

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

Neighborhood: Riverwalk Ranch Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,347
Property Tax -$335
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$265

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.

$365,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5404$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 5725 Bullhead Street North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.67
    •  
  • 5049 Dancing Lights Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2000
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.65
    •  
  • 4519 Sunset Crater Court North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2003
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.68
    •  
  • 5222 Pioneer Cabin Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2003
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.70
    •  
  • 5833 Gentle Creek Lane North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,444 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,444 Sqft ∙ Built 2003
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
PROPERTY LISTING DETAILS
Laura E Ahumada
1.702.328.4125
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257251
Last Updated: 12/22/2020
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