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9183 Badby Avenue Las Vegas, NV 89148

3 Beds 3 Baths 1,421 sqft Built 2004

INVESTimate

$270,000

List Price

$1,270

$1,143 - $1,397

Rent Est.

$293,733  ( +8.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $190.01
  • 7 Days on Market
  • MLS # : 2223489
  • Updated Date : 08/20/2020 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,421 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jason's Realty

Listing Agent's Description

Close to free way and famous golf course community, shoppings and dining surrounding. Master bedroom with walk-in closet & balcony. Wet area all tile, and tile on the drywall, must see. Fresh paint. turn key. Community pool and park.

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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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Wayne N. Tanaka Elementary School Primary Regular 1,029 52 5
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Wayne N. Tanaka Elementary School

  • Education Level: Primary
  • # of students: 1,029
  • # of teachers: 52
5
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$996
Property Tax -$171
Property Insurance -$55
HOA -$60
Property Management Fees -$119
CASH FLOW
-$130

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.

$270,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,361

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,2994$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 9183 Badby Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,421 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,421 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.89
    •  
  • 7392 Umberto Street #0 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,421 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,421 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 9284 Millikan Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.93
    •  
  • 9241 Nerone Avenue #n/a Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,421 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,421 Sqft ∙ Built 2005
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
  • 7380 Umberto Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,390 Sqft ∙ Built 2005
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
PROPERTY LISTING DETAILS
Yida Li
1.725.266.0966
Jason's Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223489
Last Updated: 08/20/2020
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