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820 Royal Birch Lane Las Vegas, NV 89144

4 Beds 3 Baths 2,106 sqft Built 1998

$490,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $232.67
  • 3 Days on Market
  • MLS # : 2279687
  • Updated Date : 03/20/2021 at 02:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Top Tier Realty

Listing Agent's Description

This 4 bedroom, 2.5 bathroom, 3 car garage home is located deep in Summerlin. The upgraded custom kitchen features island with beverage cooler, granite countertops, and wood flooring. The open floor plan allows for plenty of natural light and the private yard is great for entertaining or enjoying a beverage in the shade of the covered patio. Family room and dining room have wood floors and there is a gas fireplace for winter nights. The large primary bedroom boast walk in closet, double sinks, separate shower and tub, and a balcony with amazing city views. Near freeway access, downtown Summerlin, Red Rock, school, and more.

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: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
John W. Bonner Elementary School Primary Regular 859 47 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

John W. Bonner Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

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

$441,000$539,000$490,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,702
Property Tax -$267
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$296

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.

$490,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8603$1,9004$1,9005$2,300
$2,300
RENT COMPS ANALYSIS
  • 820 Royal Birch Lane Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.88
    •  
  • 1017 Royal Birch Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2000
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 812 Royal Birch Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1998
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 921 Royal Birch Lane Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 820 Royal Plum Lane #non Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1999
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Pebbles Franco
1.702.845.4796
Top Tier Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279687
Last Updated: 03/20/2021
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