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10710 Culhane Court Las Vegas, NV 89141

3 Beds 3 Baths 2,666 sqft Built 2019

$549,979

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $206.29
  • 3 Days on Market
  • MLS # : 2252173
  • Updated Date : 12/04/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,666 sqft
  • Baths : 2 full , 1 half
Listing Agent

New Door Residential

Listing Agent's Description

Spectacular former model home in Southern Highlands! Amazing upgrades throughout. Beautiful recessed lighting throughout the home, hardwood floor, and amazing indoor outdoor living with sliding doors. Kitchen boasts large dark island, custom backsplash, dark granite countertops. Home includes additional den downstairs, and huge loft upstairs. Master bedroom has special pendant lighting, and accent wall making it beautifully customized. Secondary bedrooms are spacious. Enjoy fully landscaped backyard with builtin bbq and pergola.

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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

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
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
 

$494,981$604,977$549,979

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 -$2,029
Property Tax -$348
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$215

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$549,979

PROJECTED PRICE

$2,360

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 3.00%
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-$5.0k$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$147,744

INVESTMENT

$147,744

Down Payment
$137,495
Rehab Estimate
$2,000
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,495
Loan Amount $412,484
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$24,668

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
  • $0.89

    LIST RENT PER SQFT
  • $2,373

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,3004$2,3605$2,395
$2,395
RENT COMPS ANALYSIS
  • 10710 Culhane Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,666 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,666 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.89
    •  
  • 5597 Villa Lucia Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2003
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 5643 Almocita Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,746 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,746 Sqft ∙ Built 2002
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 6039 Aromatico Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 2003
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 10980 Saint Rafael Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,477 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,477 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jeffrey A Galindo
1.702.290.6458
New Door Residential
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2252173
Last Updated: 12/04/2020
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