Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6009 Jalisco Avenue Las Vegas, NV 89131

4 Beds 4 Baths 3,818 sqft Built 2005

$544,900

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $142.72
  • 2 Days on Market
  • MLS # : 2263356
  • Updated Date : 01/23/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,818 sqft
  • Baths : 4 full
Listing Agent

Listing Masters Llc

Listing Agent's Description

Gorgeous home in a great location in the NW valley. Come take a look at this 4 bedroom 4 bath 3,818 sq ft home. Beautiful spacious layout with large rooms. Walk inside to vaulted ceilings, dining & living room combo and lovely staircase. Large family room is open to an upgraded kitchen with granite counter tops, stainless steel appliances, island, hardwood floors & nook. Off of the family room is a bedroom/den combo with custom built in cabinets and walk in closet. Upstairs includes the large master suite with a large sitting room. Master bath includes his/her sinks, garden tub, large walk in shower and walk in closet. There are also two 2 bedrooms with walk in closets and a jack & jill bathroom. Large backyard has synthetic grass and a concrete pad with a gazebo and a dog run. Community features a large greenbelt with a walking path & mountain views. Community backs up to the Tule Springs Fossil Beds National park with hiking trails.

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: Carmel Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k508k

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

Neighborhood: Carmel Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762124

* 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
Kitty Mcdonough Ward Elementary School Primary Regular 830 43 9
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kitty Mcdonough Ward Elementary School

  • Education Level: Primary
  • # of students: 830
  • # of teachers: 43
9
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$490,410$599,390$544,900

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,893
Property Tax -$421
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
$97

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.

$544,900

PROJECTED PRICE

$2,630

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,149

INVESTMENT

$150,149

Down Payment
$136,225
Rehab Estimate
$5,750
Closing Costs
$8,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,225
Loan Amount $408,675
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$43,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $3,182

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,6503$3,0004$3,500
$3,500
RENT COMPS ANALYSIS
  • 6009 Jalisco Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,818 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,818 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.69
    •  
  • 6159 Villa De Picasso Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 5810 Majestic Tide Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 8412 Myerlee Court Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,854 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,854 Sqft ∙ Built 2006
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lincoln S Rogers
1.702.582.7032
Listing Masters Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263356
Last Updated: 01/23/2021
BESbswy