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9326 Fire Rose Street Las Vegas, NV 89178

3 Beds 3 Baths 2,034 sqft Built 2018

$379,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $186.33
  • 8 Days on Market
  • MLS # : 2248430
  • Updated Date : 11/19/2020 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,034 sqft
  • Baths : 2 full , 1 half
Listing Agent

Red Rock Real Estate

Listing Agent's Description

**SEE THE PHOTOS!!** ABSOLUTELY BEAUTIFUL TWO STORY ON CUL DE SAC IN DESIRABLE SOUTHWEST LAS VEGAS! OVER 2000 SQUARE FEET, BUILT IN 2018, EVERYTHING IS UPGRADED! GORGEOUS MODERN CABINETRY, GRANITE COUNTERS, LARGE BREAKFAST BAR, OPEN GREAT ROOM CONCEPT! BRAND NEW PLANTATION SHUTTERS THROUGHOUT! MODERN GRAY/WHITE THEME THROUGHOUT! HUGE LOFT UPSTAIRS IS GREAT FOR ENTERTAINING OR COULD BE THE KIDS HANGOUT! SPACIOUS MASTER BEDROOM WITH DOUBLE DOOR ENTRY, WALK IN CLOSET, DUAL SINKS, GRANITE COUNTERS, SEPARATE SOAKING TUB TO SOAK YOUR CARES AWAY! TONS OF RECESSED LIGHTING, ALL STAINLESS KITCHEN APPLIANCES, YARDS OF COUNTER SPACE AND BIG KITCHEN PANTRY TOO! SO MUCH STORAGE HERE! MULTIPLE ACCENT WALLS AND PROFESSIONAL WINDOW COVERINGS MAKE THIS FEEL LIKE A DESIGNERS HOME! NO CARPET DOWNSTAIRS! BACK YARD HAS NEW PATIO COVER, LARGE CONCRETE PATIO AND NEW SYNTHETIC LAWN, MAKING THIS BACK YARD PERPETUALLY GREEN AND ZERO MAINTENANCE! WHAT A WATER SAVER! BBQ AREA TOO! COME SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10291875

* 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
William V. Wright Elementary School Primary Regular 1,256 62 8
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

William V. Wright Elementary School

  • Education Level: Primary
  • # of students: 1,256
  • # of teachers: 62
8
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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,398
Property Tax -$277
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$131

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.

$379,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$18,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6954$1,7005$1,730
$1,730
RENT COMPS ANALYSIS
  • 9326 Fire Rose Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.85
    •  
  • 9393 Stock Street #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2009
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 9607 Vega Carpio Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 9706 Cluny Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 9526 Vega Carpio Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
James J Bounce
1.702.596.8276
Red Rock Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248430
Last Updated: 11/19/2020
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