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5979 Belvedere Canyon Avenue Las Vegas, NV 89139

4 Beds 4 Baths 2,644 sqft Built 2014

$399,999

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $151.29
  • 3 Days on Market
  • MLS # : 2276011
  • Updated Date : 03/12/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,644 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Stunning home available in Southwest Las Vegas! The entry welcomes you to an exquisite open floor plan. Kitchen features beautiful cabinetry extended to the ceiling, oversized kitchen island and refrigerator purchased only six months ago. On the second floor you will find the primary bedroom with spa shower, two guest bedrooms and extra den space. Third floor has expansive bonus room, large bedroom and full bathroom. Extra features include, epoxy coating in the garage, water softener, upgraded honeycomb blinds and ceiling fans throughout the house. Home is located near shopping and restaurants on Blue Diamond!

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: 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
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,389
Property Tax -$317
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$226

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.

$399,999

PROJECTED PRICE

$2,130

PROJECTED RENT

0.53%

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$47,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,122

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0953$2,1304$2,1455$2,285
$2,285
RENT COMPS ANALYSIS
  • 5979 Belvedere Canyon Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.81
    •  
  • 5096 Bootlegger Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2013
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 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
    •  
  • 9735 Morgan Creek Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2015
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.81
    •  
  • 5934 Gordon Creek Avenue Las Vegas, NV 5
    • 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
    •  
PROPERTY LISTING DETAILS
Laura D'haene
1.702.501.3091
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276011
Last Updated: 03/12/2021
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