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10517 Beachwalk Place Las Vegas, NV 89144

3 Beds 2 Baths 1,315 sqft Built 1999

$389,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $295.82
  • 3 Days on Market
  • MLS # : 2268030
  • Updated Date : 02/06/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,315 sqft
  • Baths : 2 full
Listing Agent

Galindo Group Real Estate

Listing Agent's Description

Single story home in one of the most sought after Summerlin Communities! Fully renovated with new cabinets, countertops, luxury vinyl flooring, carpet, paint and baseboards. Kitchen featuring stainless steel appliances, dining area with custom accent wall and bar top seating. Master suite with a walk-in closet, fully tiled glass wall shower and dual sink vanity. Backyard with a pool and spa making this one of the best homes this zip code has to offer!

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: The Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: The Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
John W. Bonner Elementary School Primary Regular 859 47 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

John W. Bonner Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

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

$350,100$427,900$389,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,351
Property Tax -$232
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$244

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.

$389,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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-$5.0k$0.0$5.0k$10k

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5004$1,5105$1,625
$1,625
RENT COMPS ANALYSIS
  • 10517 Beachwalk Place Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.15
    •  
  • 1425 Iron Springs Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1997
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.15
    •  
  • 10505 Shadowland Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1997
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.14
    •  
  • 909 Windhook Street Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1997 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1997
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.14
    •  
  • 812 Windhook Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1997
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.14
    •  
PROPERTY LISTING DETAILS
Joshua F Galindo
1.702.575.4992
Galindo Group Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268030
Last Updated: 02/06/2021
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