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8053 Rio De Janeiro Drive Las Vegas, NV 89128

4 Beds 4 Baths 2,556 sqft Built 1994

$395,000

List Price

$1,820

$1.6K - $2K

Rent Est.

$110,425

Investment Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $154.54
  • 3 Days on Market
  • MLS # : 2260380
  • Updated Date : 01/09/2021 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,556 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

Beautiful Spacious 4 Bedroom Home with Hard to Find 3 Car Garage in Awesome Neighborhood Zoned For Summerlin Schools with NO HOA! Recently Remodeled Kitchen with Granite Counter Tops Elegant Back Splash, and Stainless Steel Appliances that Opens Up to Family Room with Natural Gas Fireplace! **MAKE SURE VIEW THE 3D VIRTUAL TOUR!** Formal Dining Room Connects to the Kitchen. Foyer Entry to Formal Living Room! Upgraded Bathroom with Granite Tops Complete the Main Level! Gigantic Master Bedroom with Sitting Room and Two Way Fireplace! 3 Other Bedrooms Upstairs. One Bedroom with Its Own Full Bathroom and the Other Two with Jack & Jill Bathroom! Upstairs also Has a Loft with Built in Desk and Shelves! Lush Palm Trees In the Front and Backyard Gives this Home True Curb Appeal! Cement Pad For Back Patio! This One is A Must See! Did I Mention No HOA!!!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Pioneer Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Pioneer Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9551606

* 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
Edythe And Lloyd Katz Elementary School Primary Regular 711 36 4
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Palo Verde High School High Regular 3,024 114 9

Edythe And Lloyd Katz Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 36
4
GreatSchools Rating

Walter Johnson Junior High School

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

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

FINANCIALS

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$355,500$434,500$395,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,372
Property Tax -$251
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$1

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.

$395,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$110,425

INVESTMENT

$110,425

Down Payment		 $98,750
Rehab Estimate		 $5,750
Closing Costs		 $5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT

  • $0.71

    LIST RENT PER SQFT

  • $1,821

    COMP ESTIMATED VALUE

  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7503$1,8204$1,9255$1,935
$1,935
RENT COMPS ANALYSIS
  • 8053 Rio De Janeiro Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,556 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,556 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.71
    •  
  • 920 Matagorda Lane Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,556 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,556 Sqft ∙ Built 1994
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.66
    •  
  • 1016 Matagorda Lane Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,556 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,556 Sqft ∙ Built 1994
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 1008 Washington Oaks Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 2,556 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,556 Sqft ∙ Built 1997
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.75
    •  
  • 8136 Kokoma Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,556 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,556 Sqft ∙ Built 1997
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.76
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Jonathan Schussler
1.702.335.8740
Keller Williams Realty Sw
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260380
Last Updated: 01/09/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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