Las Vegas, NV Area First Time Buyers to All Cash Investors: Does it Make Sense to Buy a Home Right Now?
Can you own for less than renting? Can you own a rental and see a decent monthly return on your investment?
Weekly feature w/ 4 homes in different areas of the valley designed to help people from first time buyers to all cash investors to see if the numbers make sense!
Address: 8132 Winslow Ave
- West Las Vegas: Gated Community, Pool Home on 1/4 Acre Lot More Pictures, Virtual Tour & Floorplan Here
- Price: $330,000
- Rental Comps: $2000-2100*
- Estimated FHA Monthly Payment: $2182**
Address: 6232 Downpour Court- East Las Vegas: Gated Community, 2131 SF, Tile Floors, Covered Patio
- Price: $159,900
- Rental Comps: $1400-1500*
- Estimated FHA Monthly Payment: $1281***
Address: 67 Big Creek Court- South Las Vegas: Guard Gated Golf Community w/ Waterpark, Low HOA. 4503 SF, 6 Beds, 4.5 Baths, Granite Countertops. View Virtual Tour
- Price: $357,900
- Rental Comps: $2750-2850*
- Estimated FHA Monthly Payment: $2773****
Address: 5729 Clarendon
- North Las Vegas: Gated Community, Beazer Built Unique & Elegant Floorplan! 2819 SF, Clean & Ready for You to Move In! View Floorplan, Virtual Tour & More Pics here
- Price: $250,000
- Rental Comps: $1700-1800*
- Estimated FHA Monthly Payment: $1836*****
*Rental Price: Comparable range based on terms. Lower end rental price = more conservative lease terms based on best credit and 1 year + lease. Higher end rental price = more liberal lease terms with OK credit, pets allowed and shorter than one year lease terms. All prices based on date of this post. Comparable rental range is not net, it does not factor in the price of repairs, holding costs, property management fees, etc. I will be happy to send you the rental comps via email. Simply request "rental comps for " at email address: Renee@ReneeBurrows.com.
******Rates are as of 2/25/2008 and based on a 30 year fixed FHA loan on approved credit and income qualifications. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. Call for financing details 702-966-2494 option 3.
All properties listed here are brokered by Nevada Realty Solutions, LLC. Call 702-966-2494 option 1 (Para español presione el cuatro) for more information on properties.
Also check with your tax advisor for the potential tax benefits of owning a home.
Grant and Bond 100%, Zero Money Down Opportunities for First Time Buyers.
Your logic is so stellar all the time with these Renee. Unless you will inhabit the dwelling a very short term, the math says don't rent!! Good stuff.
Renee... this was a very nice, easy to read breakdown... great job with it... we need to catch up some.