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

6457 Evergreen Avenue Las Vegas, NV 89107

3 Beds 1 Baths 1,274 sqft Built 1962

$250,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $196.23
  • 12 Days on Market
  • MLS # : 2259864
  • Updated Date : 01/14/2021 at 02:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 1 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

CHECK OUT THIS GREAT ONE-STORY RANCH-LIKE HOME WITH NO HOA COSTS! 3 BEDROOMS AND 2 BATHROOMS. THIS HOME SITS ON AN OVERSIZED / POOL SIZED LOT! IT'S LOCATED ON A CORNER LOT AND HAS PLENTY OF ROOM FOR ALL OF YOUR TOYS. THERE COULD BE PLENTY OF ROOM TO EXPAND. THE BACKYARD IS FULLY FENCED IN WITH BLOCK AND THE PROPERTY HAS A PATIO COVERING THE FULL LENGTH OF THE HOUSE! THERE'S ROOM FOR YOUR RV / BOAT AND AN AREA THAT YOU CAN PULL RIGHT IN THROUGH YOUR BACKYARD.ENJOY COOK-OUTS WITH A BUILT-IN BBQ AREA. THE HOME HAS BEEN UPDATED AND CONTAINS HARD FLOORS / TILE THROUGHOUT. HEAT UP THE HOME IN OUR COLDER MONTHS WITH A WARM WOOD-BURNING FIREPLACE W/ ROCK DECOR AROUND THE CHIMNEY. MANY POSSIBILITIES ARE AWAITING YOUR PERSONAL TOUCHES! A GREAT HOUSE. WITH SOLID BONES! CLOSE TO SHOPPING, CSN CHARLESTON CAMPUS, STARBUCKS, WALGREENS AND SO MUCH MORE!

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: Torrey Pines Preservation

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $73k296k

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

Neighborhood: Torrey Pines Preservation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8501603

* 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
Rose Warren Elementary School Primary Regular 652 36 4
Frank F. Garside Junior High School Middle Regular 1,209 52 NA
Bonanza High School High Regular 2,003 83 3

Rose Warren Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 36
4
GreatSchools Rating

Frank F. Garside Junior High School

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

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$868
Property Tax -$92
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$138

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.

$250,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$27,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,325

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,2504$1,2705$1,395
$1,395
RENT COMPS ANALYSIS
  • 6457 Evergreen Avenue Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.00
    •  
  • 5908 Heron Avenue Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 1961
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 5905 Shawnee Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1960
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 6216 Bannock Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 6233 Bristol Way Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.09
    •  
PROPERTY LISTING DETAILS
Angela A Valenzuela
1.702.860.7929
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259864
Last Updated: 01/14/2021
BESbswy