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5804 Mendoza Court Las Vegas, NV 89108

4 Beds 2 Baths 2,065 sqft Built 1986

$395,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $191.28
  • 6 Days on Market
  • MLS # : 2266158
  • Updated Date : 02/03/2021 at 19:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,065 sqft
  • Baths : 2 full
Listing Agent

Southern Nevada Realty Group

Listing Agent's Description

Over 16,000 sq ft lot. NO HOA! TOTAL PRIVACY in this Single Story 4 Bedroom home. This Enormous lot offers RV parking access on BOTH sides of property. Great property for family’s with RVs, boats, toys,etc. You rarely find a single-story home with this much property in Las Vegas! HURRY! Flowing pathways surround luscious garden areas. Easy access to shopping and the freeway.

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
Doris M. Reed Elementary School Primary Regular 564 31 1
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Cimarron Memorial High School High Regular 2,541 102 3

Doris M. Reed Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 31
1
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,372
Property Tax -$231
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$20

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.

$395,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,6004$1,6905$1,810
$1,810
RENT COMPS ANALYSIS
  • 5804 Mendoza Court Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.88
    •  
  • 2717 La Montana Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2003
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 2625 La Mata Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2003
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 5220 El Pescador Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,895 Sqft ∙ Built 2002
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 5205 Clouds Rest Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1996
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lori J Smith
1.702.858.2407
Southern Nevada Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266158
Last Updated: 02/03/2021
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