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6343 Cactus Dahlia Street Las Vegas, NV 89141

3 Beds 3 Baths 1,486 sqft Built 2003

$289,999

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $195.15
  • 10 Days on Market
  • MLS # : 2256008
  • Updated Date : 01/09/2021 at 00:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,486 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

THIS JEWEL HAS BEEN BEAUTIFULLY MAINTAINED! INCREDIBLE PRICE FOR AN AMAZING HOME! 3 BEDROOM, 2 1/2 BATH, LIVING ROOM/DINING ROOM COMBO, OPEN KITCHEN WITH STAINLESS STEEL APPLIANCES AND PANTRY. SPACIOUS PRIMARY BEDROOM HAS WALK-IN CLOSET AND BATH WITH DUAL SINKS, TUB AND SHOWER. CEILING FANS THROUGHOUT, LAUNDRY CONVENIENTLY LOCATED UPSTAIRS. ENJOY RELAXING OR ENTERTAINING IN THE PRIVATE BACKYARD WITH TREES, REAL GRASS, AND COVERED PATIO! TERRIFIC CURB APPEAL, ONLY ONE LOW HOA FEE, AND MORE!

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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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Aldeane Comito Ries Elementary School Primary Regular 975 57 4
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Aldeane Comito Ries Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 57
4
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$260,999$318,999$289,999

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,007
Property Tax -$182
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$86

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.

$289,999

PROJECTED PRICE

$1,450

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$200k$400k$600k$800k$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,499
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$27,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4253$1,4504$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 6343 Cactus Dahlia Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 6349 Cactus Dahlia Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 2003
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 6377 West Haleh Avenue #0 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.96
    •  
  • 6210 Prairie Brush Court Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 6472 Blue Iris Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,659 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,659 Sqft ∙ Built 2006
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jordon Metz
1.702.551.3700
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256008
Last Updated: 01/09/2021
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