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10073 Claverton Court Las Vegas, NV 89148

2 Beds 2 Baths 2,026 sqft Built 2004

$437,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $215.70
  • 3 Days on Market
  • MLS # : 2249967
  • Updated Date : 11/21/2020 at 09:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,026 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

AMAZING SINGLE STORY HOME NESTLED IN THE GATED COMMUNITY OF STETSON RANCH. SOME HIGHLIGHTS OF THE HOME INCLUDE 10' CEILINGS, OVER SIZED ENTRY DOOR. DECORATIVE TILE ON ENTRY WAY, CUSTOM KITCHEN FEATURES ONE OF A KIND GRANITE COUNTER TOP, UPGRADED CABINETS, DOUBLE OVENS. EXTRA LARGE MASTER BEDROOM WITH BAY WINDOW AND SITTING AREA DEN/OFFICE CAN EASILY BE CONVERTED TO 3RD BEDROOM. NEAR BISHOP GORMAN HIGH SCHOOL. BEAUTIFUL VIEWS OF THE MOUNTAINS FROM THE PATIO. PAVE STONE DRIVEWAY. SUN ROOM

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: 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
 

$393,300$480,700$437,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,612
Property Tax -$267
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$295

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.

$437,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.41%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$121,555

INVESTMENT

$121,555

Down Payment
$109,250
Rehab Estimate
$5,750
Closing Costs
$6,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,250
Loan Amount $327,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7354$1,7705$2,250
$2,250
RENT COMPS ANALYSIS
  • 10073 Claverton Court Las Vegas, NV 4
    • 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 2004 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.87
    •  
  • 7108 Hedgemaple Court #7108 Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,677 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,677 Sqft ∙ Built 2002
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 6131 Dutch Fork Street Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 2004
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 10234 Tresor Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2005
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.01
    •  
  • 10307 Rio De Thule Lane Las Vegas, NV 5
    • 2 beds 3 baths ∙ 2,084 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,084 Sqft ∙ Built 2005
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.08
    •  
PROPERTY LISTING DETAILS
Alejandra Leon
1.702.296.4018
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249967
Last Updated: 11/21/2020
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