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6641 Conquistador Street Las Vegas, NV 89149

4 Beds 2 Baths 2,681 sqft Built 2016

INVESTimate

$399,900

List Price

$1,890

$1,701 - $2,079

Rent Est.

$441,170  ( +10.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $149.16
  • 3 Days on Market
  • MLS # : 2224057
  • Updated Date : 08/24/2020 at 23:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,681 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Incredible Strip, city & mountain views from this awesome ~4 yr old 4BR|3BA|2,681 sq/ft home, w/2 car garage in NW (2 minutes from I-215). Open floor plan, w/9ft ceilings, includes: great room, kitchen, dining, bedroom & full bath on 1st floor; Master BR/BA, two additional BR’s, full bath, laundry (w/ Maytag washer & dryer) & huge bonus room upstairs. Gourmet kitchen package includes ultra premium GE Monogram stainless steel appliances, upgraded cabinets, kitchen island, granite countertops & upgraded backsplash. Bonus room includes prewiring for surround sound, flat screen mounting & ceiling fan plus plummet for wet bar. Roof top deck includes BBQ stub, hose bib & incredible year round views of mountains, The Strip, city views & holiday fireworks displays across the valley. Includes thousands of dollars in other upgrades, as well. Near Providence & Centennial Hills, 13 minutes to Downtown Summerlin & a quick/easy drive to Nellis AFB. This home won't last long; so check it out, NOW!

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Kenneth Divich Elementary

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

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,475
Property Tax -$346
Property Insurance -$79
HOA -$55
Property Management Fees -$119
CASH FLOW
-$184

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.

$399,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.32%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9503$1,9954$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6641 Conquistador Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,681 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,681 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.70
    •  
  • 9536 New Harbor Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2009
    LEASED 03/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 9217 Apollo Heights Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2013
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 9426 Quiet Valley Avenue Las Vegas, NV 4
    • 5 beds 4 baths ∙ 2,838 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,838 Sqft ∙ Built 2004
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 10222 Wolfeboro Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2011
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
PROPERTY LISTING DETAILS
Mark E Israelitt
1.702.816.1505
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224057
Last Updated: 08/24/2020
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