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6383 Ashland Crest Street Las Vegas, NV 89115

3 Beds 3 Baths 2,638 sqft Built 2020

$421,825

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $159.90
  • 8 Days on Market
  • MLS # : 2256766
  • Updated Date : 12/18/2020 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,638 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate Consultants Of Nv

Listing Agent's Description

This beautiful MODEL HOME is fully landscaped with covered patio, multi-slider, upgraded Quartz Countertops, Upgraded Dove Gray Cabinets with upgraded hardware, with extended cabinets at nook, Upgraded Soft Close Drawers, upgraded full backsplash, built-in kitchen trash can, Upgraded Farmer Sink, Upgraded Stainless Steel Refrigerator, Valet, Upgraded electrical which includes flat screen pre-wires, recessed lighting, ceiling fan pre-wires, Alarm pre-wire, USB outlet, Bathrooms include Framed mirrors, upgraded Quartz Countertops, upgraded backsplash, upgraded laundry with sink and upper cabinets and front load Washer and Dryer, Upgraded kitchen and bath fixtures, two toned paint , upgraded wood laminate entire downstairs and upgraded carpet and pad upstairs. This home is fully furnished and comes with your new home!!!

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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$379,643$464,008$421,825

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,556
Property Tax -$309
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$303

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$421,825

PROJECTED PRICE

$1,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 3.00%
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-$5.0k$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$113,784

INVESTMENT

$113,784

Down Payment
$105,456
Rehab Estimate
$2,000
Closing Costs
$6,327

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,556

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,456
Loan Amount $316,369
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,7604$1,8005$1,845
$1,845
RENT COMPS ANALYSIS
  • 6383 Ashland Crest Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.67
    •  
  • 4132 Recktenwall Avenue #0 North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.64
    •  
  • 4412 Cormorant Avenue #0 North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2006
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 6233 Green Heron Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 4056 Little Bay Avenue North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2018
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.72
    •  
PROPERTY LISTING DETAILS
Frank J Gargano
1.702.596.2040
Real Estate Consultants Of Nv
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256766
Last Updated: 12/18/2020
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