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5985 Thor Circle Las Vegas, NV 89103

3 Beds 1 Baths 1,634 sqft Built 1978

$394,500

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $241.43
  • 5 Days on Market
  • MLS # : 2269388
  • Updated Date : 02/13/2021 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

AWESOME ONE STORY HOME WITH OPEN FLOOR PLAN*NO HOA**3 BEDROOMS 2 BATHROOMS, 2 CAR GARAGE,HUGE LOT (12,197 SQ FT)IN THE CUL-DE- SAC, UPGRADED KITCHEN CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL GAS STOVE, REFRIGERATOR, BREAKFAST COUNTER,WINE COOLER, WOOD BURNING/GAS FIREPLACE,UPGRADED BATHROOMS,HUGE BACKYARD WITH PATIO COVER, SOLAR (OWNED) HEATED POOL,SHED/STORAGE,RV PARKING,BBQ GAS CONNECTION AND MANY MORE...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k317k

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

Neighborhood: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651625

* 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
C.h. Decker Elementary School Primary Regular 698 36 3
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

C.h. Decker Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 36
3
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$355,050$433,950$394,500

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,370
Property Tax -$173
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$161

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.

$394,500

PROJECTED PRICE

$1,560

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.3%
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-$5.0k$0.0$5.0k$10k$15k

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$110,293

INVESTMENT

$110,293

Down Payment
$98,625
Rehab Estimate
$5,750
Closing Costs
$5,918

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,370

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,625
Loan Amount $295,875
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4953$1,5604$1,5955$1,675
$1,675
RENT COMPS ANALYSIS
  • 5985 Thor Circle Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,634 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,634 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.95
    •  
  • 6370 Chisos Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1986
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
  • 4200 Candleberry Court Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1978
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 3631 Edinburgh Drive Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,724 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,724 Sqft ∙ Built 1985
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 3964 Zapotec Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1984
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.10
    •  
PROPERTY LISTING DETAILS
Milagros P Kempski
1.702.809.2574
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269388
Last Updated: 02/13/2021
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