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5936 Montana Peak Avenue Las Vegas, NV 89139

5 Beds 3 Baths 2,771 sqft Built 2016

$430,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $155.18
  • 5 Days on Market
  • MLS # : 2279398
  • Updated Date : 03/18/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,771 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Stunning home in the Southwest with great curb appeal * This like-new home has a stone upgrade on the exterior, built-in 2016 is ready for you to move in * Open floor plan * Dinning area and living/family room on 1st floor * 2nd floor has 3 bedrooms, 2 bathrooms, Loft, and nook area * Extremely spacious primary bathroom and shower * 3rd floor has 2 bedrooms & Balcony

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k369k

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

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761902

* 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
Aldeane Comito Ries Elementary School Primary Regular 975 57 4
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Aldeane Comito Ries Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 57
4
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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,494
Property Tax -$308
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$199

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.

$430,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$47,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0953$2,2004$2,2855$2,300
$2,300
RENT COMPS ANALYSIS
  • 5936 Montana Peak Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 5907 Laurel Lake Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2015
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.74
    •  
  • 5968 Pillar Rock Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2014
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.79
    •  
  • 5934 Gordon Creek Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2015
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,285
    • $0.86
    •  
  • 9278 Wildfire Gorge Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jonhao A Nguyen
1.702.838.9900
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279398
Last Updated: 03/18/2021
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