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10531 Laurel Mountain Lane Las Vegas, NV 89166

5 Beds 3 Baths 3,187 sqft Built 2017

$485,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

$134,275

Investment Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $152.18
  • 4 Days on Market
  • MLS # : 2269219
  • Updated Date : 02/12/2021 at 18:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,187 sqft
  • Baths : 3 full
Listing Agent

Forever Home Realty

Listing Agent's Description

STOP THE CAR !! Gorgeous tile floors, Quality fixtures & cabinetry throughout. Granite Counters! Ceiling fans !! So much space !! Largest floor plan in the community !! Like New !!! Summit Built Home. Bedroom & full bath on the first floor. Master & three additional bedrooms up with a large loft! Back yard is 100% finished with pavers and a Covered Patio! This home is in a sub association that has a pool & clubhouse access. Providence has 2 parks and is minutes from shopping, 23 minutes from Nellis AFB and 30 minutes from the strip. You do not want to miss this one !!! Perfect location, Perfect Community, Upgrades, Upgrades, Upgrades !!!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Cliffs Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Cliffs Edge

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
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Henry And Evelyn Bozarth Elementary School

  • Education Level: Primary
  • # of students: 905
  • # of teachers: 40
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$436,500$533,500$485,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,685
Property Tax -$404
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
$183

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.

$485,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment		 $121,250
Rehab Estimate		 $5,750
Closing Costs		 $7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$48,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT

  • $0.78

    LIST RENT PER SQFT

  • $2,645

    COMP ESTIMATED VALUE

  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,399
1$2,3992$2,4803$2,4994$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 10531 Laurel Mountain Lane Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.78
    •  
  • 10016 Sharp Ridge Avenue Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,087 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,087 Sqft ∙ Built 2005
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.78
    •  
  • 10145 Rockridge Peak Avenue #0 Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2009
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.80
    •  
  • 8121 Pinetop Crest Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
  • 10412 Turtle Mountain Avenue Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,040 Sqft ∙ Built 2007 5 beds 2 baths ∙ 3,040 Sqft ∙ Built 2007
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Aaron M Granati
1.702.203.6554
Forever Home Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269219
Last Updated: 02/12/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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