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632 Biljac Street Las Vegas, NV 89145

3 Beds 3 Baths 2,178 sqft Built 1967

$325,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $149.22
  • 12 Days on Market
  • MLS # : 2263214
  • Updated Date : 01/31/2021 at 03:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,178 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

QUAINT TWO STORY GEM IN A QUIET NORTH WEST AREA NEIGHBORHOOD.A BEAUTIFUL CURB APPEAL WITH MINIMAL MAINTENANCE WELCOMES YOU TO THIS 2178 SQ FT HOME. A HARDWOOD FLOOR COVERED FORMAL LIVING ROOM AND A GREAT ROOM WITH WOOD BURNING FIREPLACE ADORNS THE 1ST FLOOR TOGETHER WITH A FUNCTIONAL TILED KITCHEN JUST ADJACENT THAT EXITS INTO AN EXPANSIVE BACKYARD WITH A COVERED PATIO PERFECT FOR GATHERINGS AND JUST SIMPLY UNWINDING.THE FIRST FLOOR ALSO SPOTS A HALF BATH AND FULL LAUNDRY ROOM WHILE THE RAILING LED STAIR CASE FROM THE LIVING ROOM LEAD YOU UPSTAIRS TO FIND TWO GREAT SIZE BEDROOMS WITH DECENT CLOSET SPACES, A FULL SHARED BATH AND HARDWOOD FLOORS ALL AROUND.THE PRIMARY BEDROOM WITH ITS ENSUITE BATHROOM AND MIRRORED SLIDING CLOSET DOORS PROVIDES FOR A PERSONAL RETREAT.THIS HOUSE HAS A TWO CAR GARAGE AND ITS A MUST SEE

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9641603

* 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
O.k. Adcock Elementary School Primary Regular 603 33 5
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

O.k. Adcock Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 33
5
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,129
Property Tax -$129
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$14

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.

$325,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
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$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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,590

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4603$1,4954$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 632 Biljac Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1967 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.67
    •  
  • 316 Santa Fe Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 1969
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.63
    •  
  • 6704 Walla Walla Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1984
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.64
    •  
  • 204 Persimmon Court Las Vegas, NV 4
    • 4 beds 1 baths ∙ 2,103 Sqft ∙ Built 1987 4 beds 1 baths ∙ 2,103 Sqft ∙ Built 1987
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 400 Davenport Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1975
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ade M Asaah
1.702.768.6562
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263214
Last Updated: 01/31/2021
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