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10254 Sofferto Avenue Las Vegas, NV 89135

4 Beds 4 Baths 3,217 sqft Built 2005

$998,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $310.23
  • 5 Days on Market
  • MLS # : 2261094
  • Updated Date : 01/15/2021 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,217 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Welcome to one of the largest floorplans in Siena. Stroll through the gate into a magnificent courtyard that features a casita for your guests, beautiful landscaping and enter through the custom metal doors to view the open floorplan with custom lighting. The climate controlled wine room is not to be out done with enough room for 900 bottles of your favorite beverage. The custom chefs kitchen with ILVE oven, built in coffee bar, and pantry is amazing.10 foot coffered ceilings with crown molding, recessed lighting Alexa controlled, and built in entertainment center and tv. Primary bedroom boasts dual custom closets, a newly remodeled bathroom and sliders to outside yard. Built in Bar BQ, exterior tv, koi pond and generous side yard with synthetic grass. Relax under the fully covered patio and enjoy the beautiful golf course and mountain views. All this on over 13,000 square foot lot. This home also has solar that is owned and will convey with the home at no cost to buyer.

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: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $119k432k

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

Neighborhood: Siena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762324

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,466
Property Tax -$487
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$572

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.

$998,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.7%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$23,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,4504$2,6005$3,590
$3,590
RENT COMPS ANALYSIS
  • 10254 Sofferto Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,217 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,217 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.12
    •  
  • 9828 Sedona Shrine Avenue #0 Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,036 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,036 Sqft ∙ Built 2004
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.71
    •  
  • 9738 Driftwood Island Court Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,034 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,034 Sqft ∙ Built 2001
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 5545 Chicory Falls Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 10130 Walhalla Plateau Court Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,034 Sqft ∙ Built 2001
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mitchell C Fulfer
1.702.496.9302
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261094
Last Updated: 01/15/2021
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