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9180 Fisher Avenue Las Vegas, NV 89149

3 Beds 3 Baths 3,338 sqft Built 1990

$595,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $178.25
  • 3 Days on Market
  • MLS # : 2280088
  • Updated Date : 03/21/2021 at 00:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,338 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Central

Listing Agent's Description

LOVELY EUROPEAN STYLE 2 STORY HOME. THE HOME HAS A FULL-LENGTH CERAMIC COVERED FRONT BALCONY. LIVING ROOM, DINNING ROOM, AND KITCHEN OPEN TO EACH OTHER. KITCHEN HAS BEEN REMODELED, QUARTZ COUNTERS, STAINLESS OVEN HOOD, AND SINK KITCHEN AID. DBL OVENS, DISHWASHER,5 BURNER STOVE MICROWAVE IN STAINLESS STEEL.,.2 LG WALK-IN PANTRY. EX LG LAUNDRY WITH SINK AND DOOR TO REAR YARD. 2 LINEN CLOSETS.FIREPLACE IN LIVING ROOM. 2ND BEDROOM HAS FULL BATHROOM WITH TUB/ SHOWER 3RD BEDROOM HAS FULL BATHROOM WITH SHOWER ONLY.2AND FL HAS OVERSIZED FAMILY ROOM WITH GLASS DOORS TO REAR BALCONY. PRIMARY BED AND BATH WITH 2 SIDED FIREPLACE AND EXTRA LARGE CLOSET. PRIMARY BEDROOM WITH BALCONY..PRIMARY BATH HAS 2 SINKS, SPA TUB. COVERED REAR PATIO WITH FANS THE LENGTHS OF THE HOUSE.EXTRA LG GARAGE WITH 220 AND A SWAMP COOLER. WATER HEATER WAS INSTALLED IN 2020. NEW INTERCOM & DOORBELL.PROPANE TANK FOR GAS STOVE AND FIREPLACE.

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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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
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
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,067
Property Tax -$347
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
$96

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.

$595,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$48,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,562

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6503$2,6954$2,7205$2,800
$2,800
RENT COMPS ANALYSIS
  • 9180 Fisher Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,338 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,338 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.81
    •  
  • 3917 Diamond Ridge Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1998
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
  • 8073 Mackenzie Court Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 6335 Juliano Road Las Vegas, NV 3
    • 3 beds 2 baths ∙ 3,666 Sqft ∙ Built 1994 3 beds 2 baths ∙ 3,666 Sqft ∙ Built 1994
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.74
    •  
  • 4556 Clay Peak Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joann Toranto
1.702.286.8280
Re/max Central
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280088
Last Updated: 03/21/2021
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