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10342 Kesington Drive Las Vegas, NV 89135

5 Beds 5 Baths 3,105 sqft Built 2017

$639,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $206.09
  • 3 Days on Market
  • MLS # : 2256623
  • Updated Date : 12/18/2020 at 18:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,105 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

This STUNNING home is in a gated community of Vistara in SUMMERLIN South! No backyard neighbors, a GORGEOUS POOL size yard with a large covered patio, beautifully landscaped, and amazing mountain views! A separate den located near the entrance can be use as a HOME OFFICE (the beautiful accent wall is so perfect for the ZOOM calls)! 5 spacious bedrooms one use as a movie THEATER ROOM! Primary bedroom (located downstairs) boasts a spa-like bathroom and a walk-in closet! Timeless stair railing leads to a huge loft with built-in perfect for a BAR, beautiful accent wall and plenty of space to entertain! CHEF'S DREAM KITCHEN equipped with modern white cabinets, SLEEK countertops, spacious island, micro/oven combo, stainless steel appliances, generous counter & cabinet space! Vistara community is adjacent to SUMMERLIN trails between The CLIFFS & The MESA! Oakleaf Park and Mesa Park nearby!

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
 

$575,910$703,890$639,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,361
Property Tax -$478
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$245

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.

$639,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$28,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,484

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,3003$2,3504$2,4505$2,800
$2,800
RENT COMPS ANALYSIS
  • 10342 Kesington Drive Las Vegas, NV 5
    • 5 beds 5 baths ∙ 3,105 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,105 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 10409 Ashlar Point Way Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2009
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.79
    •  
  • 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
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 9737 Villa Cache Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 2,859 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,859 Sqft ∙ Built 2007
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
  • 5408 Canopy Oak Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2006
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mina Mai Silva
1.702.907.8811
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256623
Last Updated: 12/18/2020
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