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10067 Willowbrook Pond Road Las Vegas, NV 89148

2 Beds 2 Baths 1,477 sqft Built 2004

$375,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

$105,125

Investment Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $253.89
  • 4 Days on Market
  • MLS # : 2248459
  • Updated Date : 11/21/2020 at 12:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Location, Location!! Nearby Summerlin Without The Fees!! Short Distance To Bishop Gorman High School. Pride Of Ownership Shows In This Gorgeous 2BD W/Office/2BA Single Story With A Sparkling Pool In A Gated Community. Popular Open Floor Plan With Pitched Ceilings To Open Up Rooms Even More. Newer Windows With Shutters, Lovely Engineered Wood Flooring, Granite Kitchen Extended Counters & Island, Stainless Steel Appliances, Stone Surround Fireplace, Large Bedrooms, Master With En-Suite Bath, Ceiling Fans, Decorative Security Doors, Desert Landscaping, Rear Yard Pebble Tech Decking, Driveway With Decorative Pavers, New Tankless Water Heater, And So Much More!!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: 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
 

FINANCIALS

Learn how to read this

$337,500$412,500$375,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,384
Property Tax -$235
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$383

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.

$375,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment		 $93,750
Rehab Estimate		 $5,750
Closing Costs		 $5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT

  • $0.95

    LIST RENT PER SQFT

  • $1,525

    COMP ESTIMATED VALUE

  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3603$1,4104$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 10067 Willowbrook Pond Road Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.95
    •  
  • 6365 Currant Lake Way Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 2004
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 6198 Forever Dawn Street Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,319 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,319 Sqft ∙ Built 2004
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.03
    •  
  • 9964 Erie Stream Way #n/a Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,364 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,364 Sqft ∙ Built 2005
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 5967 Buff Bay Street #0 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 2003
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Shirley A Adams
1.702.767.9928
Realty One Group, Inc
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248459
Last Updated: 11/21/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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