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7725 Dean Martin Drive Las Vegas, NV 89139

4 Beds 5 Baths 3,908 sqft Built 1984

$748,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $191.40
  • 6 Days on Market
  • MLS # : 2261971
  • Updated Date : 01/21/2021 at 18:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,908 sqft
  • Baths : 3 full , 2 half
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Stunning, fully upgraded 4 bedroom home in the Southwest! This beautiful home features a lovely courtyard that includes a water fountain, and synthetic grass. Home features a stone wood burning fireplace, an inviting formal living room and dining room, game room, a spacious layout, plenty of natural light, upgraded light fixtures and stunning flooring throughout, Kitchen includes granite counters, breakfast bar, upgraded stainless steel appliances, gorgeous white custom cabinets for plenty of storage, black and white backsplash, and breakfast bar! Bedrooms are spacious and include upgraded bathrooms! Primary bedroom includes a large walk in closet, bathroom with a custom shower, garden tub, and his and hers sinks. This home features a huge yard with plenty of space for entertaining and a covered patio, and above ground spa. This home is a MUST SEE!

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

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

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$673,200$822,800$748,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,598
Property Tax -$361
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$381

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.

$748,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,970

INVESTMENT

$203,970

Down Payment
$187,000
Rehab Estimate
$5,750
Closing Costs
$11,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,000
Loan Amount $561,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$20,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,022

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,8003$2,9504$3,650
$3,650
RENT COMPS ANALYSIS
  • 7725 Dean Martin Drive Las Vegas, NV 2
    • 4 beds 5 baths ∙ 3,908 Sqft ∙ Built 1984 4 beds 5 baths ∙ 3,908 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.72
    •  
  • 7437 Kings Wharf Lane Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,930 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,930 Sqft ∙ Built 1995
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.61
    •  
  • 7676 Rancho Destino Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 1980 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 1980
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 144 Robindale Road Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 1997
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.93
    •  
PROPERTY LISTING DETAILS
John Sullivan
1.702.800.8999
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261971
Last Updated: 01/21/2021
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