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6300 Eldora Avenue Las Vegas, NV 89146

4 Beds 1 Baths 1,248 sqft Built 1968

$930,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $745.19
  • 1 Days on Market
  • MLS # : 2314264
  • Updated Date : 07/13/2021 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,248 sqft
  • Baths : 1 full
Listing Agent

First United Management Group

Listing Agent's Description

2.42 Acre parcel with 4 bedroom/2 bathroom residence centrally located near Sahara and Torrey Pines. Lot is over 105,000 square feet! Residence on private driveway. Patio cover and shed included at the rear of the residence. So many possibilities for a lot this size! No HOA!

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
R. Guild Gray Elementary School Primary Regular 521 24 5
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Bonanza High School High Regular 2,003 83 3

R. Guild Gray Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 24
5
GreatSchools Rating

Kenny C. Guinn Middle School

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

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$837,000$1,023,000$930,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$3,230
Property Tax -$412
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$1,753

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.

$930,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$252,200

INVESTMENT

$252,200

Down Payment
$232,500
Rehab Estimate
$5,750
Closing Costs
$13,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,230

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $232,500
Loan Amount $697,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$49

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $1,133

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$1,2953$1,3954$1,5005$2,060
$2,060
RENT COMPS ANALYSIS
  • 6300 Eldora Avenue Las Vegas, NV 5
    • 4 beds 1 baths ∙ 1,248 Sqft ∙ Built 1968 4 beds 1 baths ∙ 1,248 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.65
    •  
  • 1337 Kari Lee Court #a Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,012 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,012 Sqft ∙ Built 1986
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.91
    •  
  • 5335 Regal Avenue Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,458 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,458 Sqft ∙ Built 1971
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 2870 Mohawk Street Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,578 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,578 Sqft ∙ Built 1981
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 3235 Mountain Spring Road Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1978
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Arik Raiter
1.702.355.3977
First United Management Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314264
Last Updated: 07/13/2021
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