Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

644 Coral View Street Las Vegas, NV 89110

6 Beds 4 Baths 2,561 sqft Built 2001

$529,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $206.91
  • 4 Days on Market
  • MLS # : 2259925
  • Updated Date : 01/08/2021 at 14:49
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,561 sqft
  • Baths : 3 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Hillside View estate home with a strip view and situated on a half acre lot. Come enjoy a two homes on one lot type property that offers plenty of room for two families and the in-laws. Three bedrooms and office in the main house with 2 bedrooms, kitchenette and full bathroom in the back house. There is plenty of space for rv’s, boat pad etc. with two pads (32x 14 & 22x13 ft.) separate gated access and a large 3 car garage. This functional floorplan includes a large living room, separate family room and dining area make this home perfect for entertaining. The backyard offers a 10x10 shed, large custom covered patio that overlooks a grass backyard. Come enjoy a half acre in a great newer home community. This one is a must see!!

SEE MORE

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Kirk Adams Elementary School Primary Regular 509 27 4
Duane Keller Middle School Middle Regular 1,257 56 NA
Las Vegas High School High Regular 3,077 121 4

Kirk Adams Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 27
4
GreatSchools Rating

Duane Keller Middle School

  • Education Level: Middle
  • # of students: 1,257
  • # of teachers: 56
NA
GreatSchools Rating

Las Vegas High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 121
4
GreatSchools Rating
 

$476,910$582,890$529,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,841
Property Tax -$353
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$440

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.

$529,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7953$1,8954$1,9305$1,950
$1,950
RENT COMPS ANALYSIS
  • 644 Coral View Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 5958 Samia Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 1445 Tangerine Rose Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
  • 972 Azure Heights Place Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 2002
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 6042 Halehaven Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,380 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,380 Sqft ∙ Built 1998
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.81
    •  
PROPERTY LISTING DETAILS
Ronald D Hemphill
1.702.249.8053
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259925
Last Updated: 01/08/2021
BESbswy