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10555 Cloud Whisper Drive Las Vegas, NV 89135

3 Beds 2 Baths 2,518 sqft Built 2015

$728,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $289.12
  • 4 Days on Market
  • MLS # : 2261581
  • Updated Date : 01/14/2021 at 18:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,518 sqft
  • Baths : 1 full , 1 half
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

IMMACULATE HOME, WITH MOUNTAIN VIEWS AND NO REAR NEIGHBOR IN THE BEST LOCATION. PROFESSIONAL PHOTOS & VIDEO 1/18. THOUSANDS IN UPGRADES. NEW FLOORING, NEW CARPET WITH MEMORY FOAM PADDING, LIKE WALKING ON A CLOUD. ENTER THIS HOME TO HIGH CEILINGS AND SIGHT LINES. KITCHEN/ GREAT ROOM GREAT FOR ENTERTAINING WITH CUSTOM OVERSIZED ISLAND. FLOAT FROM THE GREAT ROOM TO THE TILED BACK PATIO FOR DREAMY INDOOR OUTDOOR LIVING. RELAX IN THE HOTTUB, COVERED PATIO OR FIRE PIT RETREAT. DOWNSTARIS DEN PERFECT FOR OFFICE, HOME GYM OR COVERT TO 4TH BEDROOM AND BATH. UPSTAIRS LOFT RETREAT SO COZY YOU WON'T WANT TO LEAVE. PRIMARY SUITE BEGINS WITH A CIRCULAR GRAND ENTRY OPENING TO A SPACIOUS MASTER WITH DUAL WALK IN CLOSETS AND PRIVATE DECK WITH DRAMATIC MOUNTAIN VIEWS. THIS HOME HAS IT ALL AND IS UPGRADED THROUGHOUT. BONUS FEATURES INCLUDE, TESLA CHARGER, TANKLESS HOT WATER HEATER, LIFE SOURCE WHOLE HOME WATER FILTRATION SYSTEM, AND ECO WATER SOFTENER AND RO SYSTEMS. SOLAR TOO. THIS HOME WILL NOT LAST!!!

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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
 

$655,200$800,800$728,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,529
Property Tax -$446
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$809

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.

$728,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.32%

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

PROJECTED ANNUAL CASH FLOW

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

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$198,670

INVESTMENT

$198,670

Down Payment
$182,000
Rehab Estimate
$5,750
Closing Costs
$10,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,529

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,000
Loan Amount $546,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3503$2,3604$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 10555 Cloud Whisper Drive Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,518 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,518 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.94
    •  
  • 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
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 10456 Lyric Arbor Drive #a Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 10474 Lyric Arbor Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2008
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 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
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
PROPERTY LISTING DETAILS
Emily G Sherwood
1.702.375.1402
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261581
Last Updated: 01/14/2021
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