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10525 Cloud Whisper Drive Las Vegas, NV 89135

4 Beds 2 Baths 2,518 sqft Built 2015

$599,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $237.89
  • 9 Days on Market
  • MLS # : 2273478
  • Updated Date : 03/07/2021 at 06:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,518 sqft
  • Baths : 1 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

A model-like home with STUNNING MOUNTAIN VIEWS located in a gated community of Cielo in South SUMMERLIN! Soaring ceilings as you enter the home with high windows to allow plenty of natural light! Great room features large modern windows, prewired for surround sound, beautiful built-in with modern accent tiles and modern crown molding. GOURMET KITCHEN boasts beautiful espresso cabinets, SLEEK counters, a huge island, dbl ovens, SS appliances, a walk-in pantry! 4 spacious BR (a downstairs bedroom w/ensuite ba) can be used as a HOME OFFICE! Elegant wrought iron stair railing leads to a huge loft with access to the balcony with amazing MOUNTAIN VIEWS! The primary suite features large windows for natural light and access to a balcony with spectacular mountain views. Primary bath features a large spa-like walk-in shower and 2 WIC! The home has no rear neighbor and located next to SUMMERLIN trails between The CLIFFS & The MESA!  Oakleaf and Mesa Park nearby!

SEE MORE

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: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k472k

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

Neighborhood: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762305

* 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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,081
Property Tax -$425
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$350

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.

$599,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,373

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3504$2,3505$2,495
$2,495
RENT COMPS ANALYSIS
  • 10525 Cloud Whisper Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,518 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,518 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
  • 10522 Tranquil Glade Lane #0 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,389 Sqft ∙ Built 2013
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 10242 Aragon Crown Road Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2013
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 10456 Lyric Arbor Drive #a Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 10302 Kesington Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 2017
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
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 #: 2273478
Last Updated: 03/07/2021
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