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5906 Dodd Street Las Vegas, NV 89122

4 Beds 1 Baths 2,062 sqft Built 1959

$349,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $169.69
  • 3 Days on Market
  • MLS # : 2267972
  • Updated Date : 02/06/2021 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 1 full
Listing Agent

Simply Vegas

Listing Agent's Description

BRAND NEW RENOVATION! This is a MUST SEE! Over 2000 sq ft. Absolutely gorgeous 4 bed, 3 bath in historic Vegas Valley neighborhood. Large attached casita/multi-gen suite with its own entrance and full kitchen! Beautiful wood look tile throughout. Bright open kitchen with white shaker cabinets, granite countertops, beautiful backsplash, stainless steel appliances, and breakfast bar. Cozy wood-burning fireplace in the family room. Extra large primary bedroom with ensuite bathroom. Separate laundry room. Central a/c and heating. Extremely large detached garage with power. Fully fenced front and backyard with large side yard for boat or RV parking. Everything in this house is brand new and move-in ready, don't miss this as it won't last long!

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

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9301603

* 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
Whitney Elementary School Primary Regular 553 32 4
Francis Cortney Middle School Middle Regular 1,235 52 NA
Basic High School High Regular 2,367 100 3

Whitney Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 32
4
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,215
Property Tax -$103
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$95

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.

$349,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.6%
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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$30,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5954$1,600
$1,600
RENT COMPS ANALYSIS
  • 5906 Dodd Street Las Vegas, NV 4
    • 4 beds 1 baths ∙ 2,062 Sqft ∙ Built 1959 4 beds 1 baths ∙ 2,062 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 4300 Don Quixote Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1971
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 4626 Plata Del Sol Drive Las Vegas, NV 2
    • 3 beds 1 baths ∙ 2,144 Sqft ∙ Built 1972 3 beds 1 baths ∙ 2,144 Sqft ∙ Built 1972
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 5119 Margo Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1961
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
PROPERTY LISTING DETAILS
Amanda Orton
1.702.715.3654
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267972
Last Updated: 02/06/2021
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