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10437 Mulvaney Circle Las Vegas, NV 89141

3 Beds 3 Baths 1,922 sqft Built 2007

$350,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $182.10
  • 7 Days on Market
  • MLS # : 2262399
  • Updated Date : 01/23/2021 at 09:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,922 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

BEAUTIFULLY UPGRADED TWO STORY THAT HAS PRIVATE METAL FRONT ENTRANCE FOR EXTRA PRIVACY. HAS A COURTYARD TO ENTERTAIN GUEST. AS YOU WALK IN THE DOOR YOU WILL SEE OPEN FLOOR PLAN. LIVING ROOM IS ADJACENT TO FORMAL DINING ROOM. KITCHEN HAS CORIAN COUNTER TOP. DOUBLE SINK AND UPGRADED PANEL RAISED CABINETS.UPSTAIRS HAS A HUGE LOFT FOR GAME ROOM OR OFFICE. IT HAS 3 BEDROOMS. MASTER BEDROOM HAS A HUGE WALKING CLOSET. BATHROOM HAVE DOUBLE SINK FOR HIS AND HER WITH UPGRADED CABINETS. YARD IS DESERT LANDCAPING.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k369k

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

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761902

* 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
Aldeane Comito Ries Elementary School Primary Regular 975 57 4
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Aldeane Comito Ries Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 57
4
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,216
Property Tax -$234
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$117

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.

$350,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$34,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7504$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 10437 Mulvaney Circle Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 10348 Kepler Cascades Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2006
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 10480 Kepler Cascades Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 10632 Bonchester Hill Street #n/a Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2002
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 10473 Mulvaney Circle Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,056 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,056 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Macrina M Crockett
1.702.340.0864
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262399
Last Updated: 01/23/2021
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