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10030 Pebble Path Court Las Vegas, NV 89148

3 Beds 3 Baths 2,499 sqft Built 2003

$479,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $191.68
  • 3 Days on Market
  • MLS # : 2256733
  • Updated Date : 12/19/2020 at 11:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,499 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Fantastic area and community with gate, tree lined streets near the Summerlin area. Oversized entry door, formal dining are with custom light fixture and coffered ceiling. Kitchen with tons of cabinet and counter space, island, breakfast bar, built in stove (gas), built in oven, built in microwave, coffered ceiling, canned lighting and walk in pantry. DOWNSTAIRS Master bedroom (very rare) with walk in closet, slider to the rear yard, custom ceiling fan and walk in closet. Master bath with separate tub and shower, double sink vanity and makeup vanity. Second bed is down stairs and is like a second master with walk in closet, attached bath with separate vanity. All bedrooms have attached baths and walk in closets. Upstairs is a huge loft with custom ceiling fan. 3rd bedroom also has a walk-in closet and attached bath. Out back is a sparkling pool with sitting area, water features and a gazebo. Parklike landscaping front and back.

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: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,767
Property Tax -$300
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$102

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.

$479,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$28,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,968

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,698
1$1,6982$1,8253$1,8504$2,0955$2,160
$2,160
RENT COMPS ANALYSIS
  • 10030 Pebble Path Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.86
    •  
  • 5893 Honeysuckle Ridge Street #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2008
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,698
    • $0.73
    •  
  • 10018 Pelham Park Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2007
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.78
    •  
  • 6057 Honeysuckle Ridge Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2008
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 10022 Pebble Path Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2003
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
PROPERTY LISTING DETAILS
Timothy W Hanson
1.702.939.0000
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256733
Last Updated: 12/19/2020
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