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

6733 Reggie Circle Las Vegas, NV 89107

4 Beds 2 Baths 1,774 sqft Built 1984

$299,999

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $169.11
  • 6 Days on Market
  • MLS # : 2260349
  • Updated Date : 01/12/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,774 sqft
  • Baths : 1 full , 1 half
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Fully remodeled and freshly painted inside and out! This 4-bedroom home is on a large lot and is complete with a family room with fireplace, perfect for entertaining! The chef's kitchen can meet all of your culinary needs. The master bath has been redone with a walk-in tile shower. Relax on the back covered patio and enjoy the spacious backyard with low-maintenance landscaping! ( Newer AC Unit & HW Heater) You won't want to miss this home!

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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,042
Property Tax -$148
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$40

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.

$299,999

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$14,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,366

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,3504$1,3885$1,450
$1,450
RENT COMPS ANALYSIS
  • 6733 Reggie Circle Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,774 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.75
    •  
  • 621 Cline Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1967
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.73
    •  
  • 345 Warmside Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1985
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 6749 Waterville Circle Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1986
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,388
    • $0.78
    •  
  • 6921 Alta Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1967
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
PROPERTY LISTING DETAILS
Craig Tann
1.702.583.3030
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260349
Last Updated: 01/12/2021
BESbswy