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808 Merialdo Lane 
Las Vegas, NV
89145
5 Beds 3 Baths 2,808 sqft
Built 1990
INVESTimate
$510,000
List Price
$140,900
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $181.62
- 3 Days on Market
- MLS # : 2223962
- Updated Date : 08/25/2020 at 11:26
CONSTRUCTION
- Beds : 5
- Floor Size : 2,808 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Las Vegas
Listing Agent's Description
Sought after West Mesa neighborhood. No HOA. Gated walk-through access to shopping and dining at Boca Park.Right around the corner from Tivoli Village. RV covered parking with sewer & electrical hookups. New paint. Barn door on laundry room. Water heater and one of the A/Cs is newer. Ceiling fan in living room and dining room. Two storage sheds and Two entrances into backyard. Covered patio, pavers, synthetic grass. Great curb appeal on a corner lot.
SEE MORE
- 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: Angel Park Lindell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Angel Park Lindell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$1,882 |
| Property Tax | -$313 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$136
|
||
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.
$510,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$140,900
LOAN DETAILS
$1,882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
4.5
YEARS SAVED
$27,398
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,204
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
808 Merialdo Lane Las Vegas, NV 3
- 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,260
- $0.80
-
901 Vantage Lane Las Vegas, NV 1
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- $0.67
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1445 Castle Crest Drive Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1993
LEASED 02/27/20- Rent
- Rent Per SQFT
- $2,099
- $0.73
-
1400 Sun Copper Drive Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,994 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,994 Sqft ∙ Built 1992
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,375
- $0.79
-
313 Vista Glen Street Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1994
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,750
- $0.95
PROPERTY LISTING DETAILS
1.702.686.2695
Keller Williams Realty Las Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223962
Last Updated: 08/25/2020
