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7128 Forest Frost Street Las Vegas, NV 89149

3 Beds 3 Baths 1,775 sqft Built 2006

INVESTimate

$325,000

List Price

$1,310

$1,179 - $1,441

Rent Est.

$356,688  ( +9.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $183.10
  • 8 Days on Market
  • MLS # : 2221820
  • Updated Date : 08/25/2020 at 07:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This home lived in by one individual, is well maintained and shows terrific. Open floor plan on first level with updated kitchen featuring granite counter tops, dual sinks, breakfast counter at island, windowed area for natural light. There is a nook for an entertainment center in living room and sliders leading to the rear yard. Powder room off to the side, makes it private to the first floor. Large Master bedroom suite with room for a king sized bed, with two night stands, a high boy dresser, and triple dresser. The master bath is also sizable where two people could be using and not be in each other's way. Two vanities, (one with a make-up station), soaking tub, and over sized shower Private water closet (toilet) and walk-in closet. There is two zoned HVAC for cost saving. Storage in garage. Tour today!

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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: Rosabella at Travato

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k314k

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

Neighborhood: Rosabella at Travato

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,199
Property Tax -$231
Property Insurance -$62
HOA -$75
Property Management Fees -$119
CASH FLOW
-$376

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.

$325,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.75%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3953$1,4254$1,4255$1,585
$1,585
RENT COMPS ANALYSIS
  • 7128 Forest Frost Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.74
    •  
  • 9128 Emerald Pearl Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,635 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,635 Sqft ∙ Built 2016
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 9109 Emerald Pearl Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,742 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,742 Sqft ∙ Built 2017
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.82
    •  
  • 9125 Emerald Pearl Court Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2016
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.82
    •  
  • 7123 Forest Frost Street #n/a Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.81
    •  
PROPERTY LISTING DETAILS
Joe Paul May
1.702.491.9601
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221820
Last Updated: 08/25/2020
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