Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10552 Nantucket Ridge Avenue Las Vegas, NV 89166

4 Beds 3 Baths 1,809 sqft Built 2007

$330,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $182.42
  • 4 Days on Market
  • MLS # : 2254898
  • Updated Date : 12/11/2020 at 12:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,809 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

BEAUTIFUL 4 BEDROOMS/3 BATHS. OPEN LIVING ROOM. 2 BEDROOMS ON GROUND FLOOR. PRIMARY BEDROOM & 2ND BEDROOM ON 1ST FLOOR. 3RD & 4TH BEDROOM ON GROUND FLOOR. UPGRADED GRANITE COUNTERTOPS WITH SATIN-NICKEL FAUCETRY. FULLY LANDSCAPED WITH REAL GRASS! BALCONY VIEWS OF MTN.SCENERY.COVERED BALCONY PATIO FOR OUTDOOR ENJOYMENT. NEWLY PAINTED, NEW LAMINATE WOOD FLOORING AND VINYL PLANKS (NO CARPET IN THE HOME). PROFESSIONALLY CLEANED THROUGHOUT, READY FOR IMMEDIATE MOVE IN. ASK FOR OUR VIRTUAL TOUR! AVAIL TO VIEW IN PERSON!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,218
Property Tax -$248
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$4

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.

$330,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$26,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,655

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 10552 Nantucket Ridge Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,809 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,809 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 10641 Jamestown Square Avenue Las Vegas, NV 1
    • 3 beds 4 baths ∙ 1,844 Sqft ∙ Built 2012 3 beds 4 baths ∙ 1,844 Sqft ∙ Built 2012
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.88
    •  
  • 10441 Hartford Hills Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2015
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 10604 Nantucket Ridge Avenue Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2009
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 7224 Breakfast Hill Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2010
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
PROPERTY LISTING DETAILS
Yvonne Khoo
1.702.318.1882
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254898
Last Updated: 12/11/2020
BESbswy