Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7852 Marbledoe Street Las Vegas, NV 89149

2 Beds 3 Baths 1,560 sqft Built 2005

$300,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $192.31
  • 3 Days on Market
  • MLS # : 2279844
  • Updated Date : 03/21/2021 at 00:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Evernest Realty Las Vegas Corp

Listing Agent's Description

ADORABLE, NORTHWEST AREA, SINGLE FAMILY HOME OFFERING TWO BEDROOMS (WITH THE MASTER ON THE UPPER LEVEL) LOWER LEVEL WITH A SEP FAMILY ROOM. BALCONY JUST OFF THE LIVING ROOM UPSTAIRS,NEW CARPET,MICROWAVE,STOVE. COMPLIMENTED BY A COMMUNITY POOL, PET & COMMUNITY GROUNDS AREA, ACCENTED WITH A GATED ENTRY. SURROUNDED BY A DESIRABLE PARK, QUICK FREEWAY ACCESS.

SEE MORE

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: Antelope

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k362k

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

Neighborhood: Antelope

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9671875

* 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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Kenneth Divich Elementary

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

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,042
Property Tax -$219
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$12

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.

$300,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 11.7%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$20,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,185
1$1,1852$1,2503$1,2954$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 7852 Marbledoe Street Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 9303 Gilcrease Avenue #2249 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,268 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,268 Sqft ∙ Built 2005
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.93
    •  
  • 7832 Drydust Court Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,302 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,302 Sqft ∙ Built 2008
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 9061 Captivating Avenue Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,318 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,318 Sqft ∙ Built 2005
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 9045 Catching Court Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,593 Sqft ∙ Built 2013 2 beds 3 baths ∙ 1,593 Sqft ∙ Built 2013
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
PROPERTY LISTING DETAILS
Julia Feng
1.702.588.1080
Evernest Realty Las Vegas Corp
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279844
Last Updated: 03/21/2021
BESbswy