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10637 Cliff Mountain Avenue Las Vegas, NV 89129

4 Beds 2 Baths 3,185 sqft Built 2003

$510,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $160.13
  • 5 Days on Market
  • MLS # : 2272073
  • Updated Date : 02/26/2021 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,185 sqft
  • Baths : 2 full
Listing Agent

Bhgre Universal

Listing Agent's Description

Beautiful 4 bedroom home in gated community. Peaceful backyard oasis with heated pool/spa, waterfall, big koi pond and palm trees make you feel like you are on vacation. All appliances stay with property. Ready for new family. Newly painted inside and out. Guest bedrooms are good sized. Kitchen has granite counter tops, island, breakfast bar and pantry. Patio cover, refrigerator, washer, dryer, pool heater, pool pump, pool filter assembly and water heater are all only a few years old. 3 car tandem garage has rear garage door that opens to the back yard for easy access to pool and landscaping areas. Home features individual water shutoffs for all areas. Back yard features lots of shade all year round with 2 waterfalls to get you in that tropical mood. Great area with lots of nearby parks and hiking spots.

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: Monument at Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k385k

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

Neighborhood: Monument at Lone Mountain

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
Eileen Conners Elementary School Primary Regular 797 43 8
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Eileen Conners Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 43
8
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,771
Property Tax -$384
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
$17

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.

$510,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$34,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,460

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3803$2,4004$2,4255$2,750
$2,750
RENT COMPS ANALYSIS
  • 10637 Cliff Mountain Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,185 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,185 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.75
    •  
  • 10737 Hunter Mountain Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,884 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,884 Sqft ∙ Built 2003
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 10413 Holloway Heights Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 10705 Cliff Mountain Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,405 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,405 Sqft ∙ Built 2003
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.71
    •  
  • 4046 Laurel Flat Court Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Andrew Karpf
1.702.400.9440
Bhgre Universal
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272073
Last Updated: 02/26/2021
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