Las Vegas Nevada Investment Property

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 Carver Avenue (North Las Vegas), Las Vegas  89032
30 Photos
Home for sale: Carver Avenue (North Las Vegas), Las Vegas, NV
   
Purchase Price: $99,900 Rental Income: $1,000
Bedrooms: 4 Property Tax: $27
Bathrooms: 2 Insurance/HOA: $45
Size: (sq ft) 1,071  Property Mgmt: $80
Price/Sq foot:  $93 Cash Flow: (NOI) $848
Year Built: 1963 Cap Rate: 10.2%
Parking: 1 car att Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 9.9
Investors & Owner Occupied Buyers' Dream Home! Newly Remodeled 1 Story Home *4 Spacious Beds *2 Full Bath with New Tile Back splash and stylish insert *NEW Granite *NEW Carpet *NEW Water Heater *Stainless Appliances *All Appliances Included *Mirror Closet Doors in All Beds *Elegant/NEW Glass Mosaic in Kitchen, New Ceiling Fans, All NEW Lights, Smells NEW, Looks NEW & Feels NEW! A MUST SEE! Easy access to I-15 and All
 Demetrius Avenue, Las Vegas  89101
23 Photos
Home for sale: Demetrius Avenue, Las Vegas, NV
   
Purchase Price: $131,500 Rental Income: $1,075
Bedrooms: 5 Property Tax: $46
Bathrooms: 2 Insurance/HOA: $45
Size: (sq ft) 1,200  Property Mgmt: $86
Price/Sq foot:  $110 Cash Flow: (NOI) $898
Year Built: 1970 Cap Rate: 8.2%
Parking: 1 car att Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 9.6
Investors & Owner Occupied Buyers' Dream Home! Beautiful Remodeled 1 Story * 5 Beds; Established neighborhood. Easy to US 95 & ALL. NEW Elegant Granite Counter, Huge Kitchen Island, NEW Stainless Steel Appls (Refri: 3-Yr Warranty!). NEW Vanities. NEW Stylish Grass Mosaic. NEW modern lights. NEW Pro Paint int/exterior. Tile Flr thru. Huge Cover Patio. New Gravel.
More Properties Coming Soon!

POPULATION GROWTH

  • State will add more than 500,000 residents in the next 20 years.
  • Nevada’s population grew by 35 percent between 2000 and 2010.
  • Projections show Nevada’s population growing by 9.6 percent between 2010 and 2020, above the national average of 8.1 percent. (Nevada State Demographer’s Office)
  • Over the next 20 years, the demographer’s office expects to add 377,037 people in Clark County (Las Vegas).

JOB GROWTH

  • Nevada’s job growth in 2013 has exceeded the national growth rate for the first time since 2006, according to a state economist.
  • The number of construction jobs increased by 4,600 in 2013, and the construction workforce is expected to grow by 5,000 in both 2014 and 2015.

ECONOMY

  • The Brookings Mountain West Monitor study showed that home prices rose 22.6 percent year over year in the third quarter 2013. That was No. 1 in the region, with Phoenix coming in second, at 18.1 percent, and it handily beat out the national average of 1.6 percent.
  • "2014 is going to be a year with a little bit more stability. We're not going to see the type of housing pricing depreciations we did. I do think we are going to hit that 50,000 [new jobs created in Las Vegas in] 2014," said economic analyst Jeremy Aguero.
  • Aguero said recent population growth points to a robust economy in 2014.
  • Approximately 30-days of housing supply in February 2014.  This makes the Vegas market a strong Seller's Market.

TAXES / COST OF LIVING

  • No personal or corporate state income tax.
  • Maximum state and city sales tax of 8.1%.

Overview

Las Vegas is a very large city located in the state of Nevada. With a population of 583,756 people and 354 constituent neighborhoods, Las Vegas is the largest community in Nevada.

Las Vegas real estate is some of the most expensive in Nevada, although Las Vegas house values don't compare to the most expensive real estate in the U.S.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Las Vegas is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Las Vegas is a city of service providers, sales and office workers and professionals. There are especially a lot of people living in Las Vegas who work in office and administrative support (14.04%), sales jobs (11.23%) and food service (10.55%).

Las Vegas is one of the most attractive larger cities for people who are young, single, educated, and upwardly-mobile career starters. This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Las Vegas is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.

One of the benefits of being a big city like Las Vegas is having a public transportation system, but in Las Vegas the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the bus for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the bus Las Vegas benefits from a reduction in air pollution and traffic.

Las Vegas Information and Demographics

The population of Las Vegas overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Las Vegas, 21.46% have at least a bachelor's degree.

The per capita income in Las Vegas in 2010 was $26,755, which is upper middle income relative to Nevada and the nation. This equates to an annual income of $107,020 for a family of four. However, Las Vegas contains both very wealthy and poor people as well.

Las Vegas is an extremely ethnically-diverse city. The people who call Las Vegas home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Las Vegas residents report their race to be White, followed by Black or African-American. Las Vegas also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 31.50% of the city’s residents. Important ancestries of people in Las Vegas include German, Irish, Italian and English.

Foreign born people are also an important part of Las Vegas's cultural character, accounting for 21.78% of the city’s population.

The most common language spoken in Las Vegas is English. Other important languages spoken here include Spanish and Tagalog.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Las Vegas, NV  (MSA)
10.6% 16.0% 21.5% 27.0%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Las Vegas, NV
Market Inventory Trends — Las Vegas, NV
Average Days on Market — Las Vegas, NV
Market Action Index — Las Vegas, NV

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Las Vegas, NV
219,162 78,711 36 22 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Las Vegas, NV
Unemployment Rate Trends - Las Vegas, Nevada
            Las Vegas, Nevada, National.   (Recessions shown as gray bars.)
Total Employment Trends — Las Vegas, NV
Total Employment - Las Vegas, Nevada
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Las Vegas, NV
Real Median Household Income Trends - Las Vegas, Nevada
            Las Vegas, Nevada, National.
Home Rent-to-Mortgage Payment Ratio — Las Vegas, NV
Home Rent-to-Mortgage Payment Ratio - Las Vegas, Nevada

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Las Vegas was 0.86 in September 2013.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in the blue boxes can be changed.
    Calculations under all tabs update in real-time.
 
 


Financial Performance Summary

Capitalization Rate:
Cash-on-Cash Return:
Total Equity (Year 5):

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





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