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7548 Rosegrass Way Las Vegas, NV 89129

4 Beds 3 Baths 2,188 sqft Built 1993

$429,990

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $196.52
  • 2 Days on Market
  • MLS # : 2260409
  • Updated Date : 01/16/2021 at 12:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,188 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Stunning 4 bedroom, 3 bath home. Downstairs bedroom with a full bath! THOUSANDS IN UPGRADES ON MASSIVE LOT, amazing backyard with Pool, Spa, Built in BBQ, large seating area, huge patio, synthetic grass, and more! Your own personal OASIS! Potential for RV Parking. Large Master with separate tub, upgraded walk in shower. Remodeled kitchen with sit-up bar and granite counters. Tile and Bamboo flooring throughout. WATER SOFTENER, New Main A/C and Blower, New Pool Pump, Excellent garage storage in this large 3 car gargae! This house is perfect for family gatherings!

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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

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

$386,991$472,989$429,990

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,494
Property Tax -$244
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$237

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.

$429,990

PROJECTED PRICE

$1,690

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,697

INVESTMENT

$119,697

Down Payment
$107,498
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,498
Loan Amount $322,493
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6904$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 7548 Rosegrass Way Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.77
    •  
  • 3952 Seneca Falls Court #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 2004
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 7624 Rory Court Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2005
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 7928 Aviano Pines Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1996
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
  • 7636 Winterthur Court #0 Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2004
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
PROPERTY LISTING DETAILS
Ryan Brightwell
1.702.860.9184
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260409
Last Updated: 01/16/2021
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