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10274 Profeta Court Las Vegas, NV 89135

2 Beds 2 Baths 2,076 sqft Built 2002

INVESTimate

$499,000

List Price

$2,260

$2,034 - $2,486

Rent Est.

$532,333  ( +6.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $240.37
  • 6 Days on Market
  • MLS # : 2223567
  • Updated Date : 08/21/2020 at 02:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,076 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Popular '6140' floorplan with open concept great room & high ceilings, Lots of natural light, like new ceramic tile floors throughout, plush carpet in bedrooms, Spacious Kitchen w/island, long counter top for bar stools, separate breakfast nook & formal dining area, walk-in pantry, Open great room at center of home w/large picture window, media center & space for large furniture, Great flow for entertaining. Master Suite has bay window, walk-in closet w/built-ins & luxurious bathroom w/dual vanities, separate tub & shower & more natural light. Den separates master from 2nd bedroom & sparkling 2nd bath. Window coverings throughout, separate laundry room off of garage. Garage has work bench area, door to side walkway to backyard, water softener and utility sink. Backyard has covered patio, pergola with extended concrete pad, desert landscaping w/river rocks, patch of synthetic grass & fully fenced in on all sides for your pets. Home has amazing pride in ownership and it shows.

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: 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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,841
Property Tax -$279
Property Insurance -$67
HOA -$231
Property Management Fees -$119
CASH FLOW
-$277

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.

$499,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.68%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,2604$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 10274 Profeta Court Las Vegas, NV 3
    • 2 beds 2 baths ∙ 2,076 Sqft ∙ Built 2002 2 beds 2 baths ∙ 2,076 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.09
    •  
  • 3720 Fading Sun Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 2003
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 4180 Melodia Songo Court Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,935 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,935 Sqft ∙ Built 2002
    LEASED 03/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.09
    •  
  • 10543 Bambola Place Las Vegas, NV 4
    • 2 beds 2 baths ∙ 2,216 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,216 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.13
    •  
  • 4462 Monte San Savino Las Vegas, NV 5
    • 2 beds 1 baths ∙ 2,216 Sqft ∙ Built 2005 2 beds 1 baths ∙ 2,216 Sqft ∙ Built 2005
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Paul Gilroy
1.702.239.7509
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223567
Last Updated: 08/21/2020
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