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5958 Samia Court Las Vegas, NV 89110

4 Beds 3 Baths 2,290 sqft Built 2001

$309,999

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $135.37
  • 9 Days on Market
  • MLS # : 2259904
  • Updated Date : 01/14/2021 at 19:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,290 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Amazing and spacious two story home located close to beautiful Sunrise Mountain. Home features 4 bedrooms, 2.5 baths and 3 car garage for plenty of parking and storage. Kitchen has granite countertops with stainless steel appliances. Gas fireplace in great-room for cozy nights. All bedrooms with laminate flooring and upstairs for that privacy. Solar screens on windows. Low maintenance backyard with covered patio, artificial grass and lemon and pomegranate trees. Don't miss out on this 4 bedroom gem!

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Kirk Adams Elementary School Primary Regular 509 27 4
Duane Keller Middle School Middle Regular 1,257 56 NA
Eldorado High School High Regular 1,920 76 1

Kirk Adams Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 27
4
GreatSchools Rating

Duane Keller Middle School

  • Education Level: Middle
  • # of students: 1,257
  • # of teachers: 56
NA
GreatSchools Rating

Eldorado High School

  • Education Level: High
  • # of students: 1,920
  • # of teachers: 76
1
GreatSchools Rating
 

$278,999$340,999$309,999

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,077
Property Tax -$212
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$231

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.

$309,999

PROJECTED PRICE

$1,710

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,499
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$39,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,7104$1,8005$1,930
$1,930
RENT COMPS ANALYSIS
  • 5958 Samia Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.75
    •  
  • 2755 Council Crest Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 2006
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 4998 Philadelphia Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 1206 Mint Julep Way Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1996
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 6042 Halehaven Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,380 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,380 Sqft ∙ Built 1998
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lisa M Beesley
1.702.372.1040
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259904
Last Updated: 01/14/2021
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