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10564 Verona Wood Street Las Vegas, NV 89141

3 Beds 3 Baths 2,179 sqft Built 2007

$345,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $158.33
  • 3 Days on Market
  • MLS # : 2271369
  • Updated Date : 02/20/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,179 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Southwe

Listing Agent's Description

Gorgeous move in ready home adjacent to Southern Highlands. Enjoy all the amenities and conveniences of master planned living without the fees. This versatile and functional floor plan offers an abundance of space downstairs in your formal living and dining room. Your new kitchen overlooks your family room and features a large island, granite countertops, Stainless Steel appliances, and upgraded cabinets with under cabinet lighting. Your oversized primary bedroom and bathroom showcase a generous walk in closet, separate tub and shower and two private vanities. You will not want to miss this home! (Chandelier in the dining room does not convey)

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Charles And Phyllis Frias Elementary School Primary Regular 802 41 10
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Charles And Phyllis Frias Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 41
10
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,198
Property Tax -$250
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$6

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.

$345,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6303$1,7504$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 10564 Verona Wood Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.75
    •  
  • 6496 Robusta Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 6592 Horatio Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 2007
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 6163 Levi Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 2006
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 6465 Little Harbor Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2014
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
PROPERTY LISTING DETAILS
Adria K Lawrence
1.702.300.8076
Keller Williams Realty Southwe
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271369
Last Updated: 02/20/2021
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