Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10133 Villa Ridge Drive Las Vegas, NV 89134

2 Beds 2 Baths 2,176 sqft Built 1998

$565,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $259.65
  • 3 Days on Market
  • MLS # : 2279195
  • Updated Date : 03/20/2021 at 00:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

BEAUTIFUL LOCATION ON THE GOLF COURSE. COURTYARD ENTRY GREETS YOU AS YOU ARRIVE. LARGE OPEN FLOOR PLAN, FLOODED WITH NATURAL LIGHT. FORMAL LIVING ROOM, DINING ROOM, LARGE FAMILY ROOM WITH FIREPLACE, BRIGHT AND OVER LOOKING THE BACK YARD. PLANTATION SHUTTERS THROUGH OUT THE HOUSE. KITCHEN HAS LOTS OF COUNTER SPACE, PLENTY OF CABINETS/STORAGE, QUAINT EAT IN AREA WITH LOTS OF NATURAL LIGHT, SURROUNDED BY WINDOWS. SEPARATE LAUNDRY AREA WITH SINK. LARGE PRIMARY BEDROOM, WITH LARGE BATHROOM, DOUBLE SINKS, SEPARATE TUB/SHOWER, LARGE WALK-IN CLOSET. SECOND BEDROOM, SECOND BATH SEPARATE FROM PRIMARY. BACK YARD OVER LOOKS THE GOLF COURSE, YET PRIVATE AND COZY FOR OUTDOOR GATHERINGS UNDER THE COVERED PATIO.

SEE MORE

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,962
Property Tax -$376
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$327

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.

$565,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.39%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,9004$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 10133 Villa Ridge Drive Las Vegas, NV 5
    • 2 beds 2 baths ∙ 2,176 Sqft ∙ Built 1998 2 beds 2 baths ∙ 2,176 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 10005 Netherton Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,871 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,871 Sqft ∙ Built 1994
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 2825 Castle Bar Drive Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,992 Sqft ∙ Built 1991 2 beds 1 baths ∙ 1,992 Sqft ∙ Built 1991
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 2024 Summer Blossom Court #101 Las Vegas, NV 3
    • 2 beds 3 baths ∙ 2,047 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,047 Sqft ∙ Built 1996
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 10337 Villa Ridge Drive Las Vegas, NV 4
    • 2 beds 2 baths ∙ 2,176 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,176 Sqft ∙ Built 1999
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Susan C Brager
1.702.375.3237
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279195
Last Updated: 03/20/2021
BESbswy