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6325 Parsifal Place Las Vegas, NV 89107

3 Beds 1 Baths 1,224 sqft Built 1963

$253,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

$73,034

Investment Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $207.43
  • 7 Days on Market
  • MLS # : 2255523
  • Updated Date : 12/19/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,224 sqft
  • Baths : 1 full
Listing Agent

Ruthe Realty

Listing Agent's Description

This home features 16 x 16 tile through the entire home, Formal Living room with fireplace. Open kitchen with dinning area right off kitchen. All bedrooms have title floors and ceiling fans in some. Living room an formal dining also has ceiling fans, This home is very clean and ready to move into. All appliances stay. Rear yard needs a little TLC but is ready to go. Reguler sale.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Pittman

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Pittman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9391603

* 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
Vail Pittman Elementary School Primary Regular 616 33 3
Frank F. Garside Junior High School Middle Regular 1,209 52 NA
Western High School High Regular 2,534 112 2

Vail Pittman Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 33
3
GreatSchools Rating

Frank F. Garside Junior High School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 52
NA
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating
 

FINANCIALS

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$228,510$279,290$253,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$937
Property Tax -$100
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$24

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.

$253,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,034

INVESTMENT

$73,034

Down Payment		 $63,475
Rehab Estimate		 $5,750
Closing Costs		 $3,809

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,475
Loan Amount $190,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$21,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT

  • $1

    LIST RENT PER SQFT

  • $1,068

    COMP ESTIMATED VALUE

  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,0953$1,1004$1,2305$1,299
$1,299
RENT COMPS ANALYSIS
  • 6325 Parsifal Place Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,224 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,224 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.00
    •  
  • 240 Shadybrook Lane #c Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1978
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.94
    •  
  • 6371 Washington Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,406 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,406 Sqft ∙ Built 1974
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.78
    •  
  • 6506 Ironbark Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1979
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.79
    •  
  • 500 Buttonwood Lane #0 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,327 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,327 Sqft ∙ Built 1979
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.98
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Ron Ruthe
1.702.493.6400
Ruthe Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255523
Last Updated: 12/19/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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