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7500 Barkentine Street Las Vegas, NV 89145

4 Beds 1 Baths 1,519 sqft Built 1974

INVESTimate

$319,999

List Price

$1,320

$1,188 - $1,452

Rent Est.

$358,623  ( +12.07%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $210.66
  • 14 Days on Market
  • MLS # : 2221612
  • Updated Date : 08/21/2020 at 16:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,519 sqft
  • Baths : 1 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Classic Charming Vegas Home with HUGE POOL and Diving Board! NO HOA! One Story with 4 bedroom and 2 full bathrooms & 2 Car garage. The Owner has just completed some upgrades and repairs t/0 including: All New Plantation Shutters, Fresh Paint, Tile, Carpet/Pad, New Master Bath Shower, All Rooms with New Ceilings Fans/lights and more! All Appliances inc. Washer & Dryer Included!

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: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9641603

* 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
Helen Marie Smith Elementary School Primary Regular 487 30 7
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Helen Marie Smith Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 30
7
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

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

$287,999$351,999$319,999

PURCHASE PRICE

$1,188$1,452$1,320

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,181
Property Tax -$142
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$178

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.

$319,999

PROJECTED PRICE

$1,320

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.07%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,155

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,413

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3503$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 7500 Barkentine Street Las Vegas, NV 1
    • 4 beds 1 baths ∙ 1,519 Sqft ∙ Built 1974 4 beds 1 baths ∙ 1,519 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.87
    •  
  • 121 Bradshaw Way Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,358 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,358 Sqft ∙ Built 1979
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 105 Hyman Place Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1979
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 7128 Alta Las Vegas, NV 4
    • 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1971
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 7112 Hurricane Way Las Vegas, NV 5
    • 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,620 Sqft ∙ Built 1976
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tiffany C Boudreau
1.702.278.6400
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221612
Last Updated: 08/21/2020
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