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10554 Golden Light Way Las Vegas, NV 89135

5 Beds 4 Baths 3,109 sqft Built 2015

$750,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $241.24
  • 3 Days on Market
  • MLS # : 2278215
  • Updated Date : 03/14/2021 at 04:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,109 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Southwe

Listing Agent's Description

OPEN HOUSE SATURDAY MARCH 13th, 10-4. Over 3000 s/f, very well maintained 5 bedroom, 5 bathroom home with 3 car garage. Located in a gated community in Summerlin South. The oversized elevated cul de sac lot provides stunning 360 views of the surrounding city and mountains, as well as additional parking. The sparking backyard pool and spa feature a waterfall and can be enjoyed with complete and total privacy. The downstairs guest suite has its own 3/4 bathroom and separate climate control system. Additional features include, security cameras, tankless water heater, epoxy coated garage floors with ample overhead storage. Don’t let this one pass you by.

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,605
Property Tax -$523
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$294

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.

$750,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$25,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,806

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,4503$2,8004$3,0005$3,040
$3,040
RENT COMPS ANALYSIS
  • 10554 Golden Light Way Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,109 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,109 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $0.98
    •  
  • 10409 Ashlar Point Way Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2009
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.79
    •  
  • 5408 Canopy Oak Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2006
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 5677 Mesa Mountain Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2012
    property image
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 5857 Glory Heights Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,178 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,178 Sqft ∙ Built 2016
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.94
    •  
PROPERTY LISTING DETAILS
Steven R Wagoner
1.702.858.3376
Keller Williams Realty Southwe
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278215
Last Updated: 03/14/2021
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