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5916 Lost Valley Street Las Vegas, NV 89113

6 Beds 3 Baths 2,390 sqft Built 2001

$395,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $165.27
  • 7 Days on Market
  • MLS # : 2261663
  • Updated Date : 01/22/2021 at 18:51
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,390 sqft
  • Baths : 3 full
Listing Agent

The Baird Group, Llc

Listing Agent's Description

VERY UNIQUE FOUND HERE! 6 BEDROOM TWO STORY ON LARGE CORNER LOT WITH RV/BOAT PARKING, BASKETBALL AREA, HUGE COVERED PATIO WITH LARGE MASTER BEDROOM DECK WITH PEEK A BOO VIEW OF STRIP; CUSTOM POOL AND SPA WITH ROCK WATERFALL AND SWIM BAR SUNKEN AT END OF POOL!!. CABANA WITH BUILT IN BBQ AND STORAGE SHED. 3 CAR GARAGE, INTERIOR LAYOUT HAS FORMAL LIVING ROOM, SEPARATE FAMILY ROOM OFF KITCHEN, KITCHEN FEATURES ISLAND BAR, LOTS OF CABINETS, DOWNSTAIRS BEDROOM AND BATH. THE OWNERS SUITE IS HUGE WITH DUAL VANITY, SEPARATE TUB AND SHOWER, WALK IN CLOSET, WALK OUT TO LARGE DECK. CEILING FANS THROUGH OUT. A MUST SEE FOR THE PRICE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sovana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k321k

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

Neighborhood: Sovana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10701722

* 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
Marion B. Earl Elementary School Primary Regular 727 38 6
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Marion B. Earl Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 38
6
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,372
Property Tax -$295
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$21

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.

$395,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.6%
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$1.4M

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

6

YEARS SAVED

$26,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,882

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,8803$1,8954$1,9855$2,000
$2,000
RENT COMPS ANALYSIS
  • 5916 Lost Valley Street Las Vegas, NV 2
    • 6 beds 3 baths ∙ 2,390 Sqft ∙ Built 2001 6 beds 3 baths ∙ 2,390 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.79
    •  
  • 7261 Pazienza Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,471 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,471 Sqft ∙ Built 2018
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.74
    •  
  • 7272 Bellavia Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,471 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,471 Sqft ∙ Built 2019
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 5330 Boschetto Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,471 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,471 Sqft ∙ Built 2019
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.80
    •  
  • 7401 Hawk Shadow Avenue Las Vegas, NV 5
    • 6 beds 2 baths ∙ 2,390 Sqft ∙ Built 1997 6 beds 2 baths ∙ 2,390 Sqft ∙ Built 1997
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Steven D Baird
1.702.592.9927
The Baird Group, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261663
Last Updated: 01/22/2021
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