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8390 Helena Avenue Las Vegas, NV 89129

4 Beds 4 Baths 3,846 sqft Built 2013

$657,900

List Price

$3,260

$3K - $3.5K

Rent Est.

$180,094

Investment Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $171.06
  • 8 Days on Market
  • MLS # : 2243169
  • Updated Date : 11/01/2020 at 20:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,846 sqft
  • Baths : 4 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Perfect For The Entertainer In NW Vegas**Solar Energy Panels Owned On This Lovely 1-Story Home With 3,846 Sq Ft And Situated On A 1/2 Acre Lot Of The Cul-De-Sac**Enormous Kitchen w/Pantry, Upgraded Cabinets, SS Appliances, Granite Counter Tops, Back Splash, Brkfst Bar W/4 Bar Stools & Center Island That Overlooks Living Area With Sliders To Covered Patio**Primary Bdrm With Ceiling Fan, Large Walk-In Closet, Another Set Of Sliders To The Covered Patio & 2 Sided FP That Overlooks Primary Bath W/Sep Shower & Jetted Tub**Large Laundry Room With Built-In Cabinets**Upgraded Shutters Throughout Entire Home**Mountain View**RV Parking With Clean-Out, 220 & A Gas Stub In Yard**NO HOA**Seller Requests That Everyone Wear A Mask While Inside The Property**Buyer(s) And Selling Broker Responsible For Verifying All Information As To Accuracy**

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

FINANCIALS

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$592,110$723,690$657,900

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$2,427
Property Tax -$547
Property Insurance -$102
Property Management Fees -$119
CASH FLOW
$65

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.

$657,900

PROJECTED PRICE

$3,260

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$180,094

INVESTMENT

$180,094

Down Payment		 $164,475
Rehab Estimate		 $5,750
Closing Costs		 $9,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,475
Loan Amount $493,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$56,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT

  • $0.85

    LIST RENT PER SQFT

  • $3,250

    COMP ESTIMATED VALUE

  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,2003$3,2604$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 8390 Helena Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $0.85
    •  
  • 4235 Thunder Twice Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,723 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,723 Sqft ∙ Built 2004
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.78
    •  
  • 8370 Helena Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2013
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
  • 4724 El Presidente Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 8825 Hickam Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Donna Vencil
1.702.449.1358
Realty One Group, Inc
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243169
Last Updated: 11/01/2020

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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