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10053 Mountain Foothills Avenue Las Vegas, NV 89149

4 Beds 4 Baths 3,751 sqft Built 2020

$699,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $186.35
  • 12 Days on Market
  • MLS # : 2264668
  • Updated Date : 02/06/2021 at 04:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,751 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

WELCOME HOME to this exceptional single story home located in northwest Las Vegas. Completed in 2020 and LIKE NEW, this popular floorplan offers 10' ceilings, spacious layout with great room, dining areas, oversized bedrooms, PLUS a bonus den and primary bedroom retreat. Enjoy the sophisticated gourmet kitchen with modern quartz countertops, raised panel cabinets, and stainless steel appliances including double oven and cooktop with hood vent. The primary bedroom includes access to a private retreat room and impressive bathroom with designer tub, separate glass shower, and two walk-in closets. All main living areas include hardwood looking tile, while the bedrooms offer plush carpet. The backyard is expansive at 82' wide and ready for you to customize to best suit your needs. This is a Lennar Everything's Included home with automation and efficiency.

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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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,428
Property Tax -$490
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$426

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$699,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 3.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,235

INVESTMENT

$187,235

Down Payment
$174,750
Rehab Estimate
$2,000
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,113

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,710
1$2,7102$2,8003$3,0004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 10053 Mountain Foothills Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,751 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,751 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.72
    •  
  • 10203 Radcliffe Peak Avenue Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,496 Sqft ∙ Built 2007 5 beds 2 baths ∙ 3,496 Sqft ∙ Built 2007
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
  • 9658 Bruschi Ridge Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,542 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,542 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
  • 5645 North Chieftain Street Las Vegas, NV 4
    • 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.81
    •  
  • 9455 Centennial Parkway Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 2019
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
PROPERTY LISTING DETAILS
Erin C Ackerman
1.702.860.5291
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264668
Last Updated: 02/06/2021
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