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10047 Twilight Point Court Las Vegas, NV 89148

4 Beds 3 Baths 3,450 sqft Built 2002

$508,888

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $147.50
  • 14 Days on Market
  • MLS # : 2255621
  • Updated Date : 12/25/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,450 sqft
  • Baths : 3 full
Listing Agent

Vegas Homes Realty, Llc

Listing Agent's Description

Like New Home Home in South West! An Amazing Deal priced below the comps. Clean & Move in ready! Fresh Paint & New Flooring Throughout! Massive Vaulted ceilings Great You at the Door. Oversized Everything throughout the home, bedrooms, loft, family room, den, dining room, nook, living room, kitchen and tons of storage space. Kitchen has granite, SS appliances, island and custom cabinetry. Tons of newer features and amenities throughout. Four car garage with door to back yard. All on a Large Cul-de-Sac Lot! Nearly 1/4 Acre! Back & Side yard have rock and minimal landscaping awaiting your future design. Pool..maybe? Visit our virtual walkthrough at https://my.matterport.com/show/?m=tkTBN5EBvWT

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Victoria Fertitta Middle School

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

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$457,999$559,777$508,888

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,878
Property Tax -$321
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$272

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.

$508,888

PROJECTED PRICE

$2,140

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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

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$140,605

INVESTMENT

$140,605

Down Payment
$127,222
Rehab Estimate
$5,750
Closing Costs
$7,633

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,222
Loan Amount $381,666
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$16,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,389

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1403$2,2004$2,4505$2,650
$2,650
RENT COMPS ANALYSIS
  • 10047 Twilight Point Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,450 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,450 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.62
    •  
  • 9980 Shady Glade Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.57
    •  
  • 9977 Ridge Manor Avenue #0 Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2001 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2001
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.64
    •  
  • 5545 Chicory Falls Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 5349 Misty Acres Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Christopher P Miller
1.702.885.1569
Vegas Homes Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255621
Last Updated: 12/25/2020
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