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10225 Timberline Peak Avenue Las Vegas, NV 89166

4 Beds 3 Baths 3,256 sqft Built 2011

$575,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $176.60
  • 4 Days on Market
  • MLS # : 2247305
  • Updated Date : 11/14/2020 at 09:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

GORGEOUS, LUXURY HOME IN GATED PROVIDENCE NEIGHBORHOOD. INCREDIBLE CURB APPEAL. STUNNING KITCHEN FEATURES STAINLESS STEEL APPLIANCES, LARGE ISLAND, GRANITE COUNTERTOPS, UPGRADED BACKSPLASH, PULL OUT STORAGE IN CABINETS & SEPARATE NOOK AREA. BEAUTIFUL WOOD FLOORING & VAULTED CEILINGS. SPACIOUS MASTER BEDROOM & BATH DOWNSTAIRS. FORMAL DINING ROOM & LIVING ROOM. HUGE LOFT UPSTAIRS W/SURROUND SOUND & BEAUTIFUL WROUGHT IRON RAILING. 3 BEDROOMS W/WALK IN CLOSETS, BATHROOM & SITTING AREA UPSTAIRS. PERFECT BACKYARD FOR ENTERTAINING. BACK PATIO RETREAT AREA HAS IN-CEILING SPEAKERS. BEAUTIFUL BUILT IN BBQ AREA. SPARKLING POOL HAS COLOR ROTATION LIGHTS, WATERFALLS & STONE FINISHES.

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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: Somerset at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k472k

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

Neighborhood: Somerset at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10762214

* 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
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Henry And Evelyn Bozarth Elementary School

  • Education Level: Primary
  • # of students: 905
  • # of teachers: 40
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

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

$517,500$632,500$575,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,122
Property Tax -$481
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$632

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.

$575,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,466

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,3994$2,4955$2,499
$2,499
RENT COMPS ANALYSIS
  • 10225 Timberline Peak Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.67
    •  
  • 10428 Doman Avenue Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,205 Sqft ∙ Built 2012 5 beds 2 baths ∙ 3,205 Sqft ∙ Built 2012
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 10016 Sharp Ridge Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,087 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,087 Sqft ∙ Built 2005
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.78
    •  
  • 9508 Ojibwa Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,265 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,265 Sqft ∙ Built 2006
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.76
    •  
  • 10145 Rockridge Peak Avenue #0 Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2009
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.80
    •  
PROPERTY LISTING DETAILS
Casie A Jolley
1.702.400.2502
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247305
Last Updated: 11/14/2020
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