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10028 Keifer Valley Street Las Vegas, NV 89178

4 Beds 5 Baths 3,465 sqft Built 2006

$539,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $155.56
  • 2 Days on Market
  • MLS # : 2248361
  • Updated Date : 11/14/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,465 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

WELCOME TO YOUR GORGEOUS NEW HOME!! THIS BEAUTIFUL PROPERTY HAS EVERYTHING THAT LAS VEGAS LIVING HAS TO OFFER!! ENTER THROUGH YOUR VERY OWN COURTYARD AND INTO THE GRAND ENTRANCE!! ONCE INSIDE, MARVEL AT THE VAULTED CEILINGS AT THE FOYER & THE MASSIVE SUNKEN FORMAL LIVING ROOM NEXT TO THE FORMAL DINING ROOM-ALL WITH UPGRADED NEW FLOORING AND BASE BOARDS. THE HOME FEATURES A CASITA/GUEST HOUSE WITH ITS OWN FULL BATHROOM-PERFECT FOR OUT OF TOWN GUESTS!! THE GRAND STAIRCASE LEADS YOU TO THE 3 BEDROOMS UPSTAIRS, EACH WITH THEIR OWN ENSUITE. THE PRIMARY BEDROOM HAS A SITTING AREA, ELEVATED BEDROOM AREA, HUGE BALCONY AND SPACIOUS WALK-IN CLOSET!! PRIMARY BATH HAS A JETTED TUB, A SEPARATE SHOWER & DUAL SINKS. THE KITCHEN IS EQUIPPED W/ A DOUBLE OVEN, UPGRADED CABINETS AND A HUGE WALK-IN PANTRY. YOU'LL LOVE MOUNTAINS EDGE LIVING WITH PARKS, SCHOOLS, SHOPPING AND CLOSE PROXIMITY TO THE FABULOUS LAS VEGAS STRIP!! THIS HOME IS A MUST SEE!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$485,100$592,900$539,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,989
Property Tax -$381
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$403

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.

$539,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,1804$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 10028 Keifer Valley Street Las Vegas, NV 3
    • 4 beds 5 baths ∙ 3,465 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,465 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.63
    •  
  • 10084 Wild Calla Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.59
    •  
  • 8483 Elche Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.61
    •  
  • 9516 Dawn Heights Court Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 9545 Stonily Lane Las Vegas, NV 5
    • 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
    •  
PROPERTY LISTING DETAILS
Anthony Vane
1.702.420.0166
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248361
Last Updated: 11/14/2020
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