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10182 Elk Valley Street Las Vegas, NV 89178

4 Beds 4 Baths 2,866 sqft Built 2006

$545,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $190.16
  • 4 Days on Market
  • MLS # : 2262982
  • Updated Date : 01/24/2021 at 00:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,866 sqft
  • Baths : 3 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Great opportunity to own this single story home in gated community in Mountain's Edge. Home features, Shutters through-out, Water Filtration System, 2 x Nest Thermostats, LED entry Lights, Lights on Dimmers and or Motion, Travertine Flooring, Crown Molding. Courtyard Entrance, Foyer, Open Floorplan Family Room with Surround Sound, Fireplace, Wetbar with Reverse Osmosis and Access to Backyard. Kitchen with Walk-In Vented Pantry, Granite Countertops, Stainless Steel Appliances, Kitchen Cabinets with Pull-outs and Soft Close Drawers, Dining Area with access to Backyard. Separate laundry room with Sink, Cabinets and Storage Space. Primary Bedroom with Backyard Access, En-Suite Bathroom with Separate Shower and Tub. Second and Third Bedroom with Jack-And-Jill Full Bathroom, 4th Bedroom with En-Suite Full Bathroom. Game/Great Room with Access to the Courtyard entry. Backyard with Tuff Shed, Heated Pool and Spa. Putting Green, Covered Patio with Speakers and Projection Screen Etc Etc Etc

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
William V. Wright Elementary School Primary Regular 1,256 62 8
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

William V. Wright Elementary School

  • Education Level: Primary
  • # of students: 1,256
  • # of teachers: 62
8
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,893
Property Tax -$357
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$292

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.

$545,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$13,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,1603$2,1954$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 10182 Elk Valley Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,866 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,866 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.75
    •  
  • 10333 Hawk Ravine Street #n/a Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.73
    •  
  • 9037 Sweet Tree Court Las Vegas, NV 3
    • 4 beds 5 baths ∙ 3,018 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,018 Sqft ∙ Built 2006
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
  • 9184 Sage Thicket Avenue Las Vegas, NV 4
    • 3 beds 4 baths ∙ 2,798 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,798 Sqft ∙ Built 2006
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 9052 Creed Mountain Place Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
PROPERTY LISTING DETAILS
Margaretha Breytenbach
1.702.813.1770
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262982
Last Updated: 01/24/2021
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