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10260 Pond Pine Avenue Las Vegas, NV 89166

4 Beds 3 Baths 2,215 sqft Built 2020

$480,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $216.70
  • 5 Days on Market
  • MLS # : 2265145
  • Updated Date : 01/30/2021 at 19:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,215 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

THE BEST OF THE BEST - NO NEED TO SEE THE REST! A SKYE CANYON BEAUTY LIKE NO OTHER. THE MOMENT YOU DRIVE UP & SEE THE PAVER STEPS & DRIVEWAY TO ENTERING THIS MID-CENTURY MODERN SLEEK HOME! BETTER THAN THE MODEL HOME FINISHES. BOSH APPLS, SHAW FLRS, BRIZO FINISHES & MORE! ENTER & BE GREETED BY THE NATURAL LIGHT & TALL CEILINGS! MOVE PAST THE FRNT DOOR & FIND AN EXPANDED LIVNG SPACE PERFECT FOR ENTERTAINING! THE DIN & KIT ARE OPEN TO THE LIV SPACE! THE KTCHN IS ANY CHEF'S DREAM W/RNG, BLTIN OVEN&MICRO & 2 PANTRIES. ENJOY DINING INDOORS OR AL FRESCO ON THE COVERED PATIO W/LANDSCAPED BCKYRD. DWNSTRS BD W/EN SUITE BATH. IT'S GRT FOR GUESTS/VIRTUAL WORK! AS YOU MOVE UPSTAIRS, FIND A LARGE LOFT FOR A 2ND FAM RM/VIRTUAL SCHOOL/EXERCISE ETC. ENTER THE PRIMARY BDRM & BE AMAZED BY ALL THE LIGHT, SIZE & MOUNTAIN VIEWS. THE PRIMARY BATH HAS W/IN CLOSET, DUAL VANITY SINKS & LRG SHOWER. LNDRY RM UPSTRS HAS CABINETS & SINK! 2ND BDRMS ARE SEP FRM PRIMARY & HALL BATH HAS DUAL SINKS W/TUB/SHOWER COMBO.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
James Bilbray Elementary School Primary Regular 763 39 9
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
9
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

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

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,667
Property Tax -$97
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$47

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$480,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 3.00%
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$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,200

INVESTMENT

$129,200

Down Payment
$120,000
Rehab Estimate
$2,000
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$39,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8603$1,8654$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 10260 Pond Pine Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 10822 Beach House Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2008
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 7644 Storm Peak Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2012
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.90
    •  
  • 7825 Marksville Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.89
    •  
  • 10639 Kearney Mountain Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2014
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Rebecca L Freed
1.702.561.5920
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265145
Last Updated: 01/30/2021
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