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10263 Jade Gardens Drive Las Vegas, NV 89135

4 Beds 4 Baths 3,396 sqft Built 2018

$909,888

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $267.93
  • 5 Days on Market
  • MLS # : 2265786
  • Updated Date : 02/05/2021 at 22:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,396 sqft
  • Baths : 3 full , 1 half
Listing Agent

Evolve Realty

Listing Agent's Description

SLEEK, SOPHISTICATED, SMART. Modern Open concept Home in Luxurious Gated Community at The Cliffs Summerlin. Home offers some breathtaking mountain views, Chef-Style gourmet Kitchen, Stainless Monogram & Electrolux appliances, wine fridge. Bright Living space w/vaulted ceilings, designer tile floors, with plush carpet throughout. huge loft upstairs, Dual Primary Suites, main primary down, 4 huge expansive sliders, great for indoor / outdoor living. Covered Patio / zen inspired courtyard landscape, giant balcony, backyard layout great for entertaining, modern fireplace, waterfalls and fountain. Mtn & Greenbelt/Community Trail. MOVE-IN READY / MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Summerlin South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $119k441k

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

Neighborhood: Summerlin South

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762311

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$818,899$1,000,877$909,888

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,160
Property Tax -$570
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
-$802

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.

$909,888

PROJECTED PRICE

$3,140

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.2%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$246,870

INVESTMENT

$246,870

Down Payment
$227,472
Rehab Estimate
$5,750
Closing Costs
$13,648

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,160

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $227,472
Loan Amount $682,416
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,530

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,4504$2,6505$3,140
$3,140
RENT COMPS ANALYSIS
  • 10263 Jade Gardens Drive Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,396 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,396 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $0.92
    •  
  • 9566 Rolling Thunder Avenue #9566 Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 9661 Grouse Grove Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
  • 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
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 5349 Misty Acres Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Aristeo J Ramos
1.702.588.4800
Evolve Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265786
Last Updated: 02/05/2021
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