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8403 Beldina Street Las Vegas, NV 89131

4 Beds 3 Baths 4,173 sqft Built 2018

INVESTimate

$810,000

List Price

$2,640

$2,390 - $2,890

Rent Est.

$880,794  ( +8.74%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $194.10
  • 10 Days on Market
  • MLS # : 2222753
  • Updated Date : 08/17/2020 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,173 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This gorgeous property has it all! This home features a spacious open living space, perfect for entertaining! The multi panel sliding glass door opens onto an outdoor living space, complete with sitting area, gas fire pit, and out door kitche with built in BBQ and smoker. The guest suite has its own entry from the front courtyard, as well as its own dedicated living room with kitchenette. The backyard has RV parking, with full RV hookups.

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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: Tule Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k391k

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

Neighborhood: Tule Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761890

* 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
 

$729,000$891,000$810,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,989
Property Tax -$675
Property Insurance -$108
HOA -$142
Property Management Fees -$119
CASH FLOW
-$1,393

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.

$810,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.74%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$220,400

INVESTMENT

$220,400

Down Payment
$202,500
Rehab Estimate
$5,750
Closing Costs
$12,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $202,500
Loan Amount $607,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$90

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$3,0003$3,0004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 8403 Beldina Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 4,173 Sqft ∙ Built 2018 4 beds 3 baths ∙ 4,173 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.63
    •  
  • 8301 Mount Logan Court Las Vegas, NV 2
    • 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
    •  
  • 8808 Glenistar Gate Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,159 Sqft ∙ Built 2001
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.72
    •  
  • 8318 Beldina Street Las Vegas, NV 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Melanie J Smith
1.702.423.0277
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222753
Last Updated: 08/17/2020
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