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9119 Manalang Road Las Vegas, NV 89123

4 Beds 2 Baths 2,303 sqft Built 2002

$415,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $180.20
  • 3 Days on Market
  • MLS # : 2262114
  • Updated Date : 01/16/2021 at 17:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,303 sqft
  • Baths : 2 full
Listing Agent

My Realty Llc

Listing Agent's Description

Priced to Sell and in a Fantastic location. Upgrades everywhere! This beautiful home features a bedroom downstairs and 3 car garage, gorgeous ceramic flooring downstairs, spacious high ceilings with great natural light. New kitchen cabinets were installed 3 years ago, marvelous backsplash, glass door pantry, crown molding downstairs, new plantation shutters though, Ceiling fans in all bedrooms and in the living room; recessed lighting through the home. All bedrooms have newer carpet; wooden floor on the stairs. New AC unit installed 2019. Convenient loft, covered patio, epoxy floor in the garage, low maintenance desert landscape and much more. This remarcable home is located near parks, schools, shopping, easy access to 15 and 215Fwy, minutes away from the Allegiant Stadium, and The Strip, convenient location in a great neighborhood. Schedule a showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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 R. Beatty Elementary School Primary Regular 601 29 8
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

John R. Beatty Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 29
8
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,441
Property Tax -$253
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$126

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.

$415,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,7953$1,8004$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 9119 Manalang Road Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.76
    •  
  • 9147 Marlia Street #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.74
    •  
  • 9108 Manalang Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 9140 Manalang Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 9139 Marlia Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Igor J Rosas
1.702.581.1735
My Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262114
Last Updated: 01/16/2021
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