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10210 Rarity Avenue 
Las Vegas, NV
89135
4 Beds 3 Baths 2,024 sqft
Built 2000
INVESTimate
$445,000
List Price
$123,675
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $219.86
- 10 Days on Market
- MLS # : 2223054
- Updated Date : 08/25/2020 at 11:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,024 sqft
- Baths : 2 full , 1 half
Listing Agent
Gk Properties
Listing Agent's Description
Great single story home in the sought after Summerlin community. 4 bedrooms, 2.5 bath home, 2 car garage has an open floor plan with over 2000 square feet of living space. Desert landscape with easy maintenance. French doors open up to a large covered patio with a spa. Furniture in home is available for purchase outside of escrow. Call today for your private showing.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Willows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Willows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$256 | |
| Property Insurance | -$66 | |
| HOA | -$43 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$356
|
||
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.
$445,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
2.17
YEARS SAVED
$7,565
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,862
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
10210 Rarity Avenue Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,770
- $0.87
-
2892 Desert Zinnia Lane Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1999
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
10020 Sail Landing Court Las Vegas, NV 3
- 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1989
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.86
-
10199 Dupage Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
LEASED 05/11/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
10005 Biscayne Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1988
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.91
PROPERTY LISTING DETAILS
1.702.815.1555
Gk Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223054
Last Updated: 08/25/2020
