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10504 Blanca Peak Avenue Las Vegas, NV 89129

2 Beds 2 Baths 1,336 sqft Built 2005

$269,888

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $202.01
  • 6 Days on Market
  • MLS # : 2280230
  • Updated Date : 03/24/2021 at 19:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,336 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

CHARMING 2-STORY, 2 BED, 3 BATH, 1 CAR GARAGE, 1,336 SQUARE FOOT HOME! OPEN AND WELCOMING FLOOR PLAN! 2 MASTER BEDROOMS, 1 UPSTAIRS 1 DOWNSTAIRS. DOUBLE SINKS IN MASTER BATHROOM! GORGEOUS TILE FLOORING THAT LOOKS LIKE WOOD (NO CARPET IN THE HOUSE) WALK OUT BALCONY! EASY ACCESS TO FREEWAY! THIS PROPERTY WILL MAKE A WONDERFUL HOME! DON'T WAIT! SHOW AND SELL THIS LITTLE GEM TODAY!

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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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Eileen Conners Elementary School Primary Regular 797 43 8
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Eileen Conners Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 43
8
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$242,899$296,877$269,888

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$937
Property Tax -$190
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$40

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.

$269,888

PROJECTED PRICE

$1,340

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$77,270

INVESTMENT

$77,270

Down Payment
$67,472
Rehab Estimate
$5,750
Closing Costs
$4,048

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,472
Loan Amount $202,416
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,216

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3403$1,395
$1,395
RENT COMPS ANALYSIS
  • 10504 Blanca Peak Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.00
    •  
  • 3910 Legend Hills Street #202 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,232 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,232 Sqft ∙ Built 2005
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 10404 Sloping Hill Avenue Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,499 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,499 Sqft ∙ Built 1998
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Marcelle W Dagher
1.702.460.5770
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280230
Last Updated: 03/24/2021
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