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6379 Dundock Avenue Las Vegas, NV 89122

3 Beds 3 Baths 2,173 sqft Built 2013

$344,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $158.72
  • 2 Days on Market
  • MLS # : 2270033
  • Updated Date : 02/13/2021 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,173 sqft
  • Baths : 3 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

MOVE-IN READY 2 STORY HOME IN BEAUTIFUL GATED COMMUNITY*LARGE OPEN LIVING ROOM AND KITCHEN*GRANITE COUNTERS*BEDROOM AND FULL BATHROOM DOWNSTAIRS*UPSTAIRS INCLUDES ENORMOUS LOFT AND SEPERATE LAUNDRY ROOM*SPACIOUS PRIMARY BEDROOM AND BATHROOM HAS DUAL SINKS, LARGE VANITY, WALK-IN CLOSET*COVERED PATIO IN BACKYARD* EASY MAINTENANCE ROCK LANDSCAPING*

SEE MORE

MARKET HIGHLIGHTS

  • 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: Whitney

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9301603

* 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
Sister Robert Joseph Bailey Elementary School Primary Regular 839 46 4
Francis Cortney Middle School Middle Regular 1,235 52 NA
Basic High School High Regular 2,367 100 3

Sister Robert Joseph Bailey Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 46
4
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,198
Property Tax -$241
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$52

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.

$344,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.6%
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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$23,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6604$1,6805$1,695
$1,695
RENT COMPS ANALYSIS
  • 6379 Dundock Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.77
    •  
  • 6722 Silent Vista Way Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 6363 Dundock Avenue #na Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 6696 Boom Town Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2012
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.77
    •  
  • 6423 Jacobville Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2015
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jennifer M Pitterle
1.702.806.8206
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270033
Last Updated: 02/13/2021
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