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10623 Agate Knoll Lane Las Vegas, NV 89135

3 Beds 3 Baths 2,075 sqft Built 2011

$450,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $216.87
  • 4 Days on Market
  • MLS # : 2271504
  • Updated Date : 02/25/2021 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,075 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

This beautiful Summerlin treasure has it ALL! Great curb appeal with modern architecture, clean lines, bold colors, and gated courtyard. Inside, you are greeted with bright lighting, high ceilings, and a wide open great room complete with built in surround sound. Kitchen features stainless steel appliances, undermount sink, granite counters, and stylish offset cabinets with oversized moulding. Stunning mountain views from balconies at all bedrooms. Move-in ready with upgraded appliances, lighting, fixtures, fans, blinds, two-tone paint, and 4-panel doors. Relax under your pavered, covered patio. Energy Star certified and professional window tinting make it extremely energy efficient, but tinting can be removed if you prefer more natural light. Hidden upgrades include water filtration and HVAC upgraded with humidifier and UV filter. Nestled between community park, pool, and 19-acre Mesa Park. SID’s are paid off. Locations like this are extremely rare, come see it today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,563
Property Tax -$301
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$10

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.

$450,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0404$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 10623 Agate Knoll Lane Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.98
    •  
  • 5497 Twin Feathers Way Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2006
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 10549 Acacia Park Place Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2013
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 5511 Bellmead Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2013
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 5526 Alden Bend Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2014
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.10
    •  
PROPERTY LISTING DETAILS
Chad J Roberts
1.702.579.5677
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271504
Last Updated: 02/25/2021
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