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10112 Keysborough Drive Las Vegas, NV 89134

2 Beds 2 Baths 1,533 sqft Built 1993

$389,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $253.75
  • 6 Days on Market
  • MLS # : 2250492
  • Updated Date : 11/27/2020 at 11:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,533 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Beautiful Tahoe, the most desirable model, has a full, open floor plan, upgraded kitchen, granite countertops, gas stove, upgraded fixtures, reverse osmosis system and a ceiling fan. Combined LR/DR with built-ins and a ceiling fan. Newer sliders to large, shaded, north facing backyard patio with partial mountain views. Landscaping has mature plantings providing backyard privacy. Bay window at breakfast nook. Bedrooms have nice carpeting. Primary bedroom has a bay window, walk-in closet and a lighted ceiling fan. Primary bath has 2 sinks, granite countertops, upgraded plumbing & light fixtures. Shower has been upgraded with a newer surround, a seat and a glass shower door. 2nd bedroom is carpeted and has a lighted ceiling fan. 2nd bath has a granite countertop new plumbing & light fixtures. The 2 car garage has a golf cart space, newer hot water heater, water softening system and storage cabinets. The driveway and front walkway are pavers. Worth seeing. 2 tone custom paint throughout.

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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: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,435
Property Tax -$219
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$130

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.

$389,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5254$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 10112 Keysborough Drive Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 2717 Lotus Hill Drive Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1992
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 2549 Banora Point Drive Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1995
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 10028 Woodhouse Drive Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1993
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.09
    •  
  • 2501 Keppel Sands Drive Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 1994
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
PROPERTY LISTING DETAILS
Mark Stevens
1.702.772.4995
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250492
Last Updated: 11/27/2020
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