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6065 River Belle Street North Las Vegas, NV 89031

5 Beds 3 Baths 2,961 sqft Built 2012

$399,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $134.75
  • 2 Days on Market
  • MLS # : 2243285
  • Updated Date : 11/02/2020 at 13:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,961 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

COME SEE THIS HIGHLY UPGRADED, CLEAN AND SPACIOUS HOME WITH GRANITE COUNTERS. KITCHEN HAS UPGRADED CABINETS W/ PULL OUTS AND STAINLESS STEEL APPLIANCES. TONS OF STORAGE SPACE AND LARGE CLOSETS. BATHROOMS HAVE QUARTZ COUNTERTOPS. SEPARATE LAUNDRY WITH SINK. HUGE MASTER BEDROOM UPSTAIRS WITH VAULTED CEILING AND 2 EXTRA LARGE WALK-IN CLOSETS. THE PRIMARY BATH HAS A SEPARATE SHOWER AND TUB AND TWO VANITIES. UPSTAIRS HAS A LOFT AND 4 BEDROOMS. FULL BATH AND BEDROOM ON FIRST FLOOR. 20" TILE AND A LARGE PANTRY. GOOD SIZED BACKYARD WITH PAVERS AND A SIDE PATIO. SOLAR PANELS TO REDUCE YOUR ELECTRIC BILL. MAKE AN APPOINTMENT TO SEE THIS ONE TODAY.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Riverwalk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k374k

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

Neighborhood: Riverwalk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9671745

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,472
Property Tax -$323
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$69

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.

$399,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 3.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$23,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8504$1,9305$2,000
$2,000
RENT COMPS ANALYSIS
  • 6065 River Belle Street North Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.65
    •  
  • 6713 Yellowhammer Place North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,790 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,790 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.61
    •  
  • 5636 Siena Rose Street North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,963 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,963 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.61
    •  
  • 4013 Buteo Lane North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 4217 Ponce Royal Avenue North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,793 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,793 Sqft ∙ Built 2006
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
PROPERTY LISTING DETAILS
Serena M Heuser
1.702.508.0996
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243285
Last Updated: 11/02/2020
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