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6545 Sunset Pines Street Las Vegas, NV 89148

4 Beds 3 Baths 2,311 sqft Built 2004

$379,990

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $164.43
  • 7 Days on Market
  • MLS # : 2280487
  • Updated Date : 03/25/2021 at 00:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,311 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas Capital Realty

Listing Agent's Description

BEAUTIFUL SOUTHWEST SPACIOUS 2311 SQ/FT 4 BEDROOM, 2.5 BATH HOME, LARGE OPEN FLOOR PLAN WITH LARGE KITCHEN, FAMILY ROOM COMBINED. WOOD LAMINATE NEWER FLOORING, BLINDS, TWO-TONE PAINT, BREAKFAST BAR, LOVELY LOW MAINTENANCE BACK YARD, READY FOR IMMEDIATE MOVE IN!

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: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$341,991$417,989$379,990

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,320
Property Tax -$238
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$39

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.

$379,990

PROJECTED PRICE

$1,710

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$106,447

INVESTMENT

$106,447

Down Payment
$94,998
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,998
Loan Amount $284,993
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6253$1,7104$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 6545 Sunset Pines Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.74
    •  
  • 6540 American Flower Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2005
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 6557 Sunset Pines Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.70
    •  
  • 9563 Wenmarie Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2005
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 9543 Violet Sunset Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
PROPERTY LISTING DETAILS
Mike Tchobanian
1.702.530.5844
Vegas Capital Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280487
Last Updated: 03/25/2021
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