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5852 Maria Del Mar Street Las Vegas, NV 89130

5 Beds 4 Baths 3,753 sqft Built 2005

$700,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $186.52
  • 7 Days on Market
  • MLS # : 2248281
  • Updated Date : 11/18/2020 at 19:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,753 sqft
  • Baths : 4 full
Listing Agent

Win Win Real Estate

Listing Agent's Description

Gorgeous Northwest opened floor plan home nestled away in gated community of Taos Estates. Large backyard, pool/spa/waterfall, mature tropical landscaping with covered patio. 5 Bedrooms +Den w/ front balcony extending off it, loft, 4 Full baths, 3 car garage, carport, Central vac system, water softener, Berber carpet and tile floors T/O. Laundry room w/ utility sink and cabinet storage. Bed/bath downstairs. Shutter window coverings, costume shelves and cabinets, along w/ remote control ceiling fans T/O home. Primary bedroom upstairs, w/ sliding glass door leading to backyard balcony overlooking pool, 3 way fireplace. Primary Bath w/ costume, oversized, natural stone, walk-in shower w/ sitting area. Separate Roman-tub, vanity sitting area, huge walk-in closet. Large open kitchen area w/ Center Island-extra sitting area, walk through pantry, double ovens, cooktop stove and granite counter tops. Casita 433 sq.ft. w/ full bath, walk in closet.

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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: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,583
Property Tax -$525
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$427

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.

$700,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.7%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$17,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3004$2,900
$2,900
RENT COMPS ANALYSIS
  • 5852 Maria Del Mar Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,753 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,753 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.77
    •  
  • 5856 Revital Court #0 Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.57
    •  
  • 6029 Rolling Meadow Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2005
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.57
    •  
  • 5964 Vizzi Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.57
    •  
PROPERTY LISTING DETAILS
Christa Sanchez
1.702.207.9087
Win Win Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248281
Last Updated: 11/18/2020
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