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10624 Whitebrush Avenue Las Vegas, NV 89144

3 Beds 1 Baths 1,244 sqft Built 2001

$319,500

List Price

$1,320

$1.2K - $1.5K

Rent Est.

$90,418

Investment Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $256.83
  • 6 Days on Market
  • MLS # : 2247826
  • Updated Date : 11/17/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,244 sqft
  • Baths : 1 full
Listing Agent

New Home Resource

Listing Agent's Description

WELCOME HOME!!! Immaculately maintained single story in the desirable Desert Bloom community in Summerlin! This corner lot home has a bright and open floorplan with high ceilings! Kitchen has a stainless fridge and Corian countertops. Enjoy coffee at the breakfast bar or out on the secluded covered patio. Master bedroom also has a slider that leads out to the patio. Three bedrooms and 2 full bathrooms make this perfect for anyone looking for a single story in Summerlin! The community is gated, has a clubhouse, community pool and spa and is really serene and peaceful inside! Come see for yourself!!! Convenient Summerlin location near the 215, parks, shopping and more! Original owner has meticulously cared for this home! This home is priced to sell and won't last long!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: The Arbors

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
John W. Bonner Elementary School Primary Regular 859 47 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

John W. Bonner Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$287,550$351,450$319,500

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,179
Property Tax -$204
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$234

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.

$319,500

PROJECTED PRICE

$1,320

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$90,418

INVESTMENT

$90,418

Down Payment		 $79,875
Rehab Estimate		 $5,750
Closing Costs		 $4,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,179

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,875
Loan Amount $239,625
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT

  • $1.06

    LIST RENT PER SQFT

  • $1,372

    COMP ESTIMATED VALUE

  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3953$1,4504$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 10624 Whitebrush Avenue Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,244 Sqft ∙ Built 2001 3 beds 1 baths ∙ 1,244 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.06
    •  
  • 400 Magnolia Arbor Street #- Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2000
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.07
    •  
  • 10617 Moon Flower Arbor Place Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2000
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 413 Magnolia Arbor Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2000
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
  • 725 Trixis Place Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2001
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Jessica O'brien
1.617.851.3851
New Home Resource
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247826
Last Updated: 11/17/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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