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930 Appaloosa Hills Ave Avenue North Las Vegas, NV 89081

3 Beds 3 Baths 1,788 sqft Built 2005

INVESTimate

$269,000

List Price

$1,310

$1,179 - $1,441

Rent Est.

$77,035

Investment Est.

$298,886  ( +11.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $150.45
  • 3 Days on Market
  • MLS # : 2224367
  • Updated Date : 08/25/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,788 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Stunning turnkey two story, 3 bd 2 half bath, complete with laminate wood floors and carpet. Stainless steel appliances, granite counters and tile backsplash. Spacious loft. Master suite with, master bath, two closets spaces. Laundry room upstairs. Gated community. Huge Center park and playground. This house is equipped with solar.

SEE MORE

MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Don E. Hayden Elementary School Primary Regular 702 38 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

Don E. Hayden Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 38
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$242,100$295,900$269,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$992
Property Tax -$223
Property Insurance -$62
HOA -$78
Property Management Fees -$119
CASH FLOW
-$165

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$269,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.11%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment		 $67,250
Rehab Estimate		 $5,750
Closing Costs		 $4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT

  • $0.73

    LIST RENT PER SQFT

  • $1,462

    COMP ESTIMATED VALUE

  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3103$1,3254$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 930 Appaloosa Hills Ave Avenue North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.73
    •  
  • 6342 Standing Elm Street North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.82
    •  
  • 1013 Appaloosa Hills Avenue #0 North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 2005
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.83
    •  
  • 1150 Shades End Avenue North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2005
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 6324 Standing Elm Street North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Monique B Gattison
1.510.459.2251
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 #: 2224367
Last Updated: 08/25/2020

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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