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10099 Trapper Mountain Street Las Vegas, NV 89178

4 Beds 4 Baths 4,182 sqft Built 2007

INVESTimate

$728,000

List Price

$3,050

$2,800 - $3,300

Rent Est.

$789,443  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $174.08
  • 10 Days on Market
  • MLS # : 2222392
  • Updated Date : 08/18/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,182 sqft
  • Baths : 3 full , 1 half
Listing Agent

Engel & Volkers Las Vegas

Listing Agent's Description

Toll Brothers, Entertainers Dream Estate Home with a Master's Bedroom with a balcony and a wonderful bathroom plus an ensuite (bedroom/bath) downstairs. It has an interior courtyard and an oversized backyard with a sparkling pool and spa. Gourmet kitchen with upgraded cabinetry, high-end SS appliances, custom granite and spacious island great for serving and entertaining. This home comes with extra bonus playroom/studyroom/office.

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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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$655,200$800,800$728,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,686
Property Tax -$513
Property Insurance -$108
HOA -$97
Property Management Fees -$119
CASH FLOW
-$473

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.

$728,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.44%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,670

INVESTMENT

$198,670

Down Payment
$182,000
Rehab Estimate
$5,750
Closing Costs
$10,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,000
Loan Amount $546,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,704

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,7004$3,050
$3,050
RENT COMPS ANALYSIS
  • 10099 Trapper Mountain Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,182 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,182 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.73
    •  
  • 9992 Sky Parlor Road Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.65
    •  
  • 9027 Greek Palace Avenue Las Vegas, NV 2
    • 5 beds 5 baths ∙ 4,264 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,264 Sqft ∙ Built 2007
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.62
    •  
  • 7283 Elessar Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2010 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2010
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.67
    •  
PROPERTY LISTING DETAILS
Colette L Manauis
1.702.850.1688
Engel & Volkers Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222392
Last Updated: 08/18/2020
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