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10053 Bundella Drive Las Vegas, NV 89134

2 Beds 1 Baths 1,220 sqft Built 1994

INVESTimate

$260,000

List Price

$1,310

$1,179 - $1,441

Rent Est.

$282,464  ( +8.64%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $213.11
  • 10 Days on Market
  • MLS # : 2222513
  • Updated Date : 08/24/2020 at 08:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,220 sqft
  • Baths : 1 full
Listing Agent

Simply Vegas

Listing Agent's Description

Sun City townhome with newer tile & carpet flooring, HVAC system, disposal, water heater and garage door opener. Neutral colors! Exterior recently painted. Eat-in kitchen. Liv Rm/Din Rm combo. Fan. Gas stove. Laundry room. 2 car garage. Association maintains exterior, all grounds outside the courtyard, exterior water and roof. 3 Golf courses, exercise centers, tennis, swimming pools and a ton of clubs. 3 golf courses right out your front door in the community!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Arbuckle Drive

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k296k

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

Neighborhood: Arbuckle Drive

ZipNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600165017001750Rent in $10761787

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$959
Property Tax -$162
Property Insurance -$51
HOA -$139
Property Management Fees -$119
CASH FLOW
-$120

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.

$260,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.64%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,315

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,4003$1,4504$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 10053 Bundella Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,220 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,220 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.07
    •  
  • 10036 Heyfield Drive #34 Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,332 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,332 Sqft ∙ Built 1994
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 10028 Arbuckle Drive Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,332 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,332 Sqft ∙ Built 1994
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 2717 Lotus Hill Drive Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1992
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 10028 Woodhouse Drive Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1993
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.09
    •  
PROPERTY LISTING DETAILS
Brendan J King
1.702.623.3259
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222513
Last Updated: 08/24/2020
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