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10047 Prairie Dove Avenue Las Vegas, NV 89117

4 Beds 2 Baths 2,106 sqft Built 1997

$395,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $187.56
  • 4 Days on Market
  • MLS # : 2259960
  • Updated Date : 01/09/2021 at 18:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,106 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

FOUR Bedroom, THREE Car Garage with Pool & Spa in Summerlin under 400K! And no HOA!! This home greets you with an open floorplan, high ceilings and beautiful laminate flooring. Kitchen features a large island, ample cabinets and a breakfast nook. Spacious owners suite and bathroom with large walk in closet. Backyard was recently landscaped, highlights include a covered patio with a heated pool and spa to enjoy. Pool equipment recently updated. Appliances included. Too much to mention. Come see it today!

SEE MORE

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Keith And Karen Hayes Elementary School Primary Regular 804 40 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Spring Valley High School High Regular 1,925 79 4

Keith And Karen Hayes Elementary School

  • Education Level: Primary
  • # of students: 804
  • # of teachers: 40
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,372
Property Tax -$248
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$16

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.

$395,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7453$1,7754$1,7905$1,895
$1,895
RENT COMPS ANALYSIS
  • 10047 Prairie Dove Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.85
    •  
  • 9998 Peach Flower Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1998
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 9947 Pioneer Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 1995
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.81
    •  
  • 9789 Ashton Peak Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1995
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
  • 9971 Yellow Canary Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1996
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
PROPERTY LISTING DETAILS
Bryce Henderson
1.702.830.1615
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259960
Last Updated: 01/09/2021
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