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6104 Golden Saddle Street Las Vegas, NV 89130

6 Beds 3 Baths 2,965 sqft Built 1998

$575,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $193.93
  • 5 Days on Market
  • MLS # : 2272998
  • Updated Date : 02/27/2021 at 04:26
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,965 sqft
  • Baths : 3 full
Listing Agent

Select Properties Group

Listing Agent's Description

This house is beautiful. New AC unit upstairs 2020,Swimming pool resurfaced 2018, New pool pump, filter, heater 2019, Golf putting area. New outdoor kitchen, sink, refrigerator, griddle, gas BBQ, Wok 2019. New back porch ceiling fans 2019. New concrete around pool 2019, new garden shed 2019, extended RV parking area 2019, outside entire house painted 2019, new outside gates 2019, inside ceiling and walls painted, all new baseboards, all new tile and carpet throughout. Added 6th bedroom. All new master shower, 9 foot steam shower. All new ceiling fans and light fixtures in whole house. Whole house vacuum system. Whole house alarm. New kitchen sink, dishwasher and garbage disposal. All new shower tile, toilets, bathtubs, vanities and hardware entire house. New water heater. New small garage door opener 2019. New PVC Manifold plumbing system installed 2018.

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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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Joseph Neal Steam Academy Primary Regular 688 34 5
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Joseph Neal Steam Academy

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 34
5
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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,997
Property Tax -$388
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$269

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.

$575,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3003$2,3204$2,350
$2,350
RENT COMPS ANALYSIS
  • 6104 Golden Saddle Street Las Vegas, NV 3
    • 6 beds 3 baths ∙ 2,965 Sqft ∙ Built 1998 6 beds 3 baths ∙ 2,965 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.78
    •  
  • 6608 Manzanita Glen Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,248 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,248 Sqft ∙ Built 2008
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.68
    •  
  • 6509 Taylor Creek Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 5514 Moonlight Garden Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.72
    •  
PROPERTY LISTING DETAILS
Stephen T Rhu
1.702.630.1504
Select Properties Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272998
Last Updated: 02/27/2021
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