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1011 Sandy Shale Street Las Vegas, NV 89123

3 Beds 3 Baths 1,557 sqft Built 1998

$350,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $224.79
  • 3 Days on Market
  • MLS # : 2269529
  • Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,557 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

LOCATION- LOCATION- LOCATION!! CHARMING 2 STORY- 3 BEDROOM 2.5 BATH HOME LOCATED IN THE MARYLAND PEBBLE DEVELOPMENT. HOUSE IS MOVE-IN READY, METICULOUSLY MAINTAINED AND ONLY ONE OWNER. THIS HOME FEATURES A LARGE LIVING ROOM AND FORMAL DINING ROOM COMBO. THE BRIGHT KITCHEN HAS QUARTZ COUNTERTOPS. ADJACENT TO THE KITCHEN IS THE INFORMAL DINING AREA AND FAMILY ROOM. ALL THREE BEDROOMS ARE LOCATED ON THE SECOND FLOOR. BLINDS ON ALL WINDOWS. GARAGE HAS AN EPOXY FLOOR. ENTERTAIN IN THE PRIVATE BACKYARD WITH COVERED PATIO AND LUSH MATURE LANDSCAPING. DONT WAIT, SEE THIS HOME TODAY!!

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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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Silverado High School High Regular 2,263 94 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$315,000$385,000$350,000

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 -$1,216
Property Tax -$179
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$199

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.

$350,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$42,727

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
  • $1.14

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 1011 Sandy Shale Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.14
    •  
  • 9080 Quarrystone Way Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1997
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
  • 876 Fonville Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1997
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.16
    •  
  • 1003 Sandy Shale Street Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1998
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 1156 Coral Rainbow Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1997
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
PROPERTY LISTING DETAILS
Andrew J Grasso
1.702.400.4782
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269529
Last Updated: 02/13/2021
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