Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10271 Bright Angel Way Las Vegas, NV 89149

5 Beds 5 Baths 4,094 sqft Built 2003

$998,500

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $243.89
  • 4 Days on Market
  • MLS # : 2279839
  • Updated Date : 03/20/2021 at 18:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,094 sqft
  • Baths : 5 full
Listing Agent

Life Realty District

Listing Agent's Description

THIS ONE YOU HAVE TO SEE TO BELIEVE! BEAUTIFULLY DESIGNED CUSTOM SINGLE STORY HOME SITTING ON OVER 1/2 ACRE!! 5 OVER SIZED BEDROOMS WITH 5 BATHS/WALK IN CLOSETS,CHEF'S GOURMET KITCHEN W/STAINLESS APPLIANCES 42" DESIGNER CABINETS,GRANITE COUNTERTOPS.OPEN FLOOR PLAN WITH TRAVERTINE,HARDWOOD AND PLUSH CARPETING THROUGHOUT.FAMILY ROOM W/WETBAR,FORMAL LIVING/DINING ROOMS.PRIVATE POOL W/FOUNTAINS COVERED PATIO WITH ACCESS TO DECK WITH STUNNING VIEW OF "THE STRIP" AND MOUNTAINS. SOLAR IS OWNED FREE AND CLEAR.4 CAR GARAGE FOR ALL YOUR TOYS! THIS ONE WILL NOT LAST VERY LONG!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 89149

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89149

ZipNIR 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
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
 

$898,650$1,098,350$998,500

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,468
Property Tax -$665
Property Insurance -$106
Property Management Fees -$119
CASH FLOW
-$1,168

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.

$998,500

PROJECTED PRICE

$3,190

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,353

INVESTMENT

$270,353

Down Payment
$249,625
Rehab Estimate
$5,750
Closing Costs
$14,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,468

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,625
Loan Amount $748,875
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,770

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8503$3,1904$3,200
$3,200
RENT COMPS ANALYSIS
  • 10271 Bright Angel Way Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,094 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,094 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.78
    •  
  • 7575 Lassen Peak Circle Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,374 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,374 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.57
    •  
  • 10478 Mount Owen Las Vegas, NV 2
    • 4 beds 4 baths ∙ 4,402 Sqft ∙ Built 2017 4 beds 4 baths ∙ 4,402 Sqft ∙ Built 2017
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.65
    •  
  • 5645 North Chieftain Street Las Vegas, NV 4
    • 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Robert W Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279839
Last Updated: 03/20/2021
BESbswy