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10200 Hailey Lynne Road Las Vegas, NV 89183

3 Beds 2 Baths 2,842 sqft Built 2003

$699,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $246.27
  • 3 Days on Market
  • MLS # : 2261790
  • Updated Date : 01/16/2021 at 00:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,842 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

RV PARKING! SEMI-CUSTOM SINGLE STORY HOME! POOL & SPA! GATED COMMUNITY! CLOSE TO RAIDERS STADIUM! 3 CAR GARAGE!! BUILT IN BBQ! LOCATION, LOCATION, LOCATION!! This single story home on more than 1/4 acre is a rare find in Las Vegas! Three large bedrooms! A great office but with a quick addition of a closet, becomes a fourth bedroom! Enormous kitchen with Kitchen Aid stainless steel appliances! Master suite separate from the other bedrooms. This house is an AMAZING HOME FOR ENTERTAINING! Sellers would have a food truck pull into the back yard on the RV pad and host fantastic pool and game day parties!! Take a tour of the house by clicking on the link!

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: 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
John C. Bass Elementary School Primary Regular 885 46 6
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

John C. Bass Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 46
6
GreatSchools Rating

Charles Silvestri Junior High School

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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,431
Property Tax -$454
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$736

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.

$699,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,409

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3503$2,4954$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 10200 Hailey Lynne Road Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,842 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,842 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
  • 352 Moon Aura Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2015
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
  • 9945 Gold Thorn Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2001
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
  • 9610 Redstar Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 593 Pale Pueblo Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 2002
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Alyse A Tenney
1.702.810.2271
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261790
Last Updated: 01/16/2021
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