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5872 Ivy Vine Court Las Vegas, NV 89141

5 Beds 1 Baths 3,096 sqft Built 2002

$439,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $141.80
  • 6 Days on Market
  • MLS # : 2244406
  • Updated Date : 11/03/2020 at 13:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,096 sqft
  • Baths : 1 full
Listing Agent

Brazill Team Real Estate

Listing Agent's Description

THIS HOME IS BEAUTIFUL WITH MANY UPGARDES. FEATURES TO INCLUDE: TWO TONE PAINT, ;LAMINATE WOOD FLOORS, LARGE FAMILY ROOM WITH FIREPLACE, OPEN KITCHEN WITH ISLAND, STAINLESS STEEL APPLIANCES, BUILT IN MICROWAVE, GRANITE COUNTERTOPS, LARGE MASTER SUITE WITH WALK IN CLOSET, DOUBLE SINKS, SEPARATE SHOWER AND TUB, FRENCH DOORS TO BALCONY, NICE SIZED BEDROOMS WITH PLENTY OF CLOSET SPACE, PAVER PATIO, GRASS AREA, COVERED PATIO.

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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Charles And Phyllis Frias Elementary School Primary Regular 802 41 10
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Charles And Phyllis Frias Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 41
10
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,620
Property Tax -$293
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$9

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.

$439,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$34,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,1004$2,1105$2,350
$2,350
RENT COMPS ANALYSIS
  • 5872 Ivy Vine Court Las Vegas, NV 4
    • 5 beds 1 baths ∙ 3,096 Sqft ∙ Built 2002 5 beds 1 baths ∙ 3,096 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.68
    •  
  • 11198 Lavandou Drive #0 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2001
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.64
    •  
  • 11113 Prado Del Rey Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
  • 5138 Andriano Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 5420 Golden Topaz Avenue Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,113 Sqft ∙ Built 2019 5 beds 2 baths ∙ 3,113 Sqft ∙ Built 2019
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
PROPERTY LISTING DETAILS
Stacy L Brazill
1.702.434.0091
Brazill Team Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244406
Last Updated: 11/03/2020
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