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5966 Bellerive Street Las Vegas, NV 89113

4 Beds 3 Baths 2,390 sqft Built 2001

$389,990

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $163.18
  • 3 Days on Market
  • MLS # : 2255166
  • Updated Date : 12/11/2020 at 16:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,390 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Wow! Check out this four bedroom, 3 bath, beautifully maintained home in the southwest! LARGE LOFT! This home has only had 1 owner, very well kept! Gorgeous oak cabinets and granite countertops in the kitchen. Leased reverse osmosis in the kitchen..can stay or go! Nice open backyard with a covered patio, no behind house neighbors! Low maintenance landscaping! Neutral paint throughout! You won't want to miss this! New beautiful park being built within walking distance! PRIME location, Located within minutes of the new shopping plaza THE BEND! Less than 6 miles from the new raiders stadium and easy access to freeways! Come check out this TURN-KEY home!

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: 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
 

$350,991$428,989$389,990

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,439
Property Tax -$241
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$38

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.

$389,990

PROJECTED PRICE

$1,910

PROJECTED RENT

0.49%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,097

INVESTMENT

$109,097

Down Payment
$97,498
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,498
Loan Amount $292,493
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$34,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9103$2,0004$2,0405$2,100
$2,100
RENT COMPS ANALYSIS
  • 5966 Bellerive Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.80
    •  
  • 5715 Port Douglas Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2013
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 8058 Encanterra Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 6239 Canterbury Field Road Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,496 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,496 Sqft ∙ Built 2016
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.82
    •  
  • 6131 Andover Wood Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 2018
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Chelsi Ross
1.217.791.9192
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255166
Last Updated: 12/11/2020
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