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

104 Underhill Court Las Vegas, NV 89145

4 Beds 3 Baths 1,730 sqft Built 1984

$325,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $187.86
  • 2 Days on Market
  • MLS # : 2255325
  • Updated Date : 12/12/2020 at 21:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,730 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max One

Listing Agent's Description

<< Awesome & Move in Ready>> This beautiful 2 story home is nestled in a cul-de-sac. As you walk in you are greeted with the formal living rooms abundance of natural lighting coming through the large bay window, and sleek built in shelves. This home features a spacious kitchen with a breakfast bar and tile countertops that overlooks into the dining area and a separate family room with beautiful white stone accenting the fireplace, 4 spacious rooms w/ laminate flooring, Separate Laundry area, Spacious backyard w/ covered patio, and lush landscaping surrounding the home. Easy access to fwy 95, shopping centers, & parks << Make this your Home >>>

SEE MORE

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: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Charleston Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9641603

* 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
Edythe And Lloyd Katz Elementary School Primary Regular 711 36 4
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Palo Verde High School High Regular 3,024 114 9

Edythe And Lloyd Katz Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 36
4
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,199
Property Tax -$155
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$66

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$30,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5603$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 104 Underhill Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 200 Fig Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1987
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 101 Redstone Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1969
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.90
    •  
  • 105 Fig Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1986
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 201 Thunder Las Vegas, NV 5
    • 4 beds 1 baths ∙ 1,836 Sqft ∙ Built 1976 4 beds 1 baths ∙ 1,836 Sqft ∙ Built 1976
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tony Espinoza
1.702.497.8066
Re/max One
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255325
Last Updated: 12/12/2020
BESbswy