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7753 Villa Gabriela Avenue Las Vegas, NV 89131

5 Beds 4 Baths 4,124 sqft Built 2003

$630,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $152.76
  • 6 Days on Market
  • MLS # : 2243475
  • Updated Date : 10/29/2020 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,124 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Georgous 2 Story home equipped with solar located in a gated community in the Northwest. This 5 bedroom 4 bath home has a converted fourth car garage to sitting room off the downstairs bedroom with bath can be used as multigenerational quarters. This entertainers paradise has a huge kitchen, wet bar in the family room, formal living and dinning room with tile and carpet throughout. The Huge backyard has a beautiful pool and spa, mature landscaping with several sitting areas, covered patio, synthetic grass and RV parking. Don’t miss this one!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $119k589k

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

Neighborhood: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762375

* 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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,324
Property Tax -$548
Property Insurance -$107
Property Management Fees -$119
CASH FLOW
-$49

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.

$630,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$42,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,382

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0503$3,2004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 7753 Villa Gabriela Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,124 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,124 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.74
    •  
  • 8301 Mount Logan Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,854 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,854 Sqft ∙ Built 2004
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.78
    •  
  • 8318 Beldina Street Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,905 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,905 Sqft ∙ Built 2017
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.82
    •  
  • 8435 Beldina Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,902 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,902 Sqft ∙ Built 2017
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.82
    •  
  • 7620 Pleasant Colony Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,775 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,775 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mary E Levy
1.702.672.0646
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243475
Last Updated: 10/29/2020
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