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10009 Dusty Winds Avenue Las Vegas, NV 89117

4 Beds 3 Baths 2,457 sqft Built 1997

$499,990

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $203.50
  • 2 Days on Market
  • MLS # : 2262119
  • Updated Date : 01/16/2021 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,457 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Pulte*Canyon Vista in Peccole Ranch*NO SID*SPARKLING POOL & SPA*BOTH A/C & FURNACE UNITS REPLACED 5/2016*Huge .17 acre corner home site*Original Owners*Almost 2,500 sq.ft. single-story home*4 bdrms plus craft/office (has door & closet) could be 5 bdrms*2 1/2 baths*Gourmet kitchen features 5 burner gas cooktop, newer appliances, quartz countertops, custom backsplash, brkfst bar & brkfst nook, tile flooring, R/O, pantry cabinets*Large family room w/2 way fireplace & ceiling fan*Formal living room w/13' ceilings*Formal dining room*Spacious primary bdrm w/10' walk-in closet, bay window, ceiling fan*Primary spa bath features separate double sinks, make up table, garden tub plus walk-in shower*Backyard oasis features built-in BBQ, 32' covered patio for outdoor entertainment*2X6 construction*Stuccoed eves*Single-story home behind*Laundry room w/sink & cabinets*Ceiling fans*Blinds*Large secondary bedrooms*Water softener*Alarm*Security Doors*LOW HOA $88/Mo.*And much more!

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: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$449,991$549,989$499,990

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,737
Property Tax -$350
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$91

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.

$499,990

PROJECTED PRICE

$2,190

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,247

INVESTMENT

$138,247

Down Payment
$124,998
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,998
Loan Amount $374,993
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$24,988

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,824

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8004$2,1005$2,190
$2,190
RENT COMPS ANALYSIS
  • 10009 Dusty Winds Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.89
    •  
  • 1721 Broadmere Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1998
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 1709 Encarta Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1998
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 1509 Calle Montery Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,522 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,522 Sqft ∙ Built 1998
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 9700 Quail Springs Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1992
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Robin I Smith
1.702.460.5080
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262119
Last Updated: 01/16/2021
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