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10007 Shiloh Heights Street Las Vegas, NV 89178

4 Beds 3 Baths 3,547 sqft Built 2006

INVESTimate

$540,000

List Price

$2,600

$2,350 - $2,850

Rent Est.

$585,576  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $152.24
  • 7 Days on Market
  • MLS # : 2221258
  • Updated Date : 08/20/2020 at 11:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,547 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

This stunning home is on a large lot in a hot neighborhood. This one's a WOW! Start w/ the dramatic front entry, wrought iron staircase, soaring ceilings and formal rooms. OPEN CONCEPT kitchen and living space to the shaded backyard, it's an entertainer's delight! Cool off and relax in the sparkling pool & spa, and grill your favorites on the built in BBQ. SS appliances, washer and dryer included! Loft and den can be easily converted into additional bedrooms. Large master with balcony and mountain views!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,992
Property Tax -$416
Property Insurance -$96
HOA -$35
Property Management Fees -$119
CASH FLOW
-$58

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.

$540,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.44%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$36,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,660

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6004$2,7955$2,850
$2,850
RENT COMPS ANALYSIS
  • 10007 Shiloh Heights Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,547 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,547 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
  • 7768 Windy Meadow Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,387 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,387 Sqft ∙ Built 2006
    LEASED 03/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 9545 Stonily Lane Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 9042 Cedar Fort Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,888 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,888 Sqft ∙ Built 2012
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.72
    •  
  • 8426 Benicasim Court Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,495 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,495 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ginny Lee
1.702.875.1477
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221258
Last Updated: 08/20/2020
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