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10146 Donald Weese Court Las Vegas, NV 89129

3 Beds 2 Baths 2,276 sqft Built 2001

$449,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $197.67
  • 2 Days on Market
  • MLS # : 2280060
  • Updated Date : 03/20/2021 at 20:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max United

Listing Agent's Description

RARE FIND WITH STUNNING MOUNTAIN VIEWS!!! BEAUTIFUL SINGLE STORY HOME WITH 3 CAR GARAGE. THIS SINGLE STORY HOME FEATURES 3 BEDS, 2.5 BATHS, 4TH BEDROOM IS A CUSTOM OFFICE WITH DOUBLE DOOR ENTRY. FORMAL DINING/LIVING IS OPEN WITH CROWN MOLDING. SEPARATE FAMILY ROOM IS OPEN WITH A FIREPLACE AND BUILT-IN CABINETS AND CEILING FAN WITH GORGEOUS MT VIEWS LOOKING OUT THE PICTURE WINDOWS. LARGE PRIMARY BEDROOM WITH SHUTTERS, CEILING FAN, FRENCH DOOR TO OUTSIDE PATIO. THE MASTER BATH HAS SEPERATE TUB/SHOWER, DOUBLE SINKS, AND WALK-IN CLOSET. THE KITCHEN IS OPEN AND BRIGHT WITH BREAKFAST NOOK GRANITE COUNTERS, DOUBLE OVENS. THE BACKYARD FEATURES A PATIO WITH A PARK-LIKE SETTING WITH FULL MOUNTAIN VIEWS. THIS HOME IS IN THE SHADOW HILLS MASTER PLANNED COMMUNITY THAT FEATURES 2 POOLS, SPA, STATE OF THE ART FITNESS CENTER AND MUCH MORE. ALL OF THE APPLIANCES ARE INCLUDED! DON'T MISS OUT ON THIS HOUSE!

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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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Eileen Conners Elementary School Primary Regular 797 43 8
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Eileen Conners Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 43
8
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,563
Property Tax -$306
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$69

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.

$449,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$22,944

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,9504$1,9905$2,000
$2,000
RENT COMPS ANALYSIS
  • 10146 Donald Weese Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.87
    •  
  • 10341 William Fortye Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 2001
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 10564 Moultrie Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2006
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 10565 Griffin Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 2013
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 10300 George Hart Court Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,434 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,434 Sqft ∙ Built 2001
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Stacey Vitto
1.702.592.3522
Re/max United
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280060
Last Updated: 03/20/2021
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