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10724 Shackleton Drive Las Vegas, NV 89134

2 Beds 1 Baths 1,703 sqft Built 1995

$479,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $281.80
  • 2 Days on Market
  • MLS # : 2264563
  • Updated Date : 01/31/2021 at 03:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,703 sqft
  • Baths : 1 full
Listing Agent

Life Realty District

Listing Agent's Description

Wow This One Has All the Bells and Whistles!! Gorgeous Single-Story Home Located In The Prestigious 55+ Community Of Sun City Summerlin.Centrally Located and Close to Shopping at Downtown Summerlin, Entertainment at Red Rock Casino and Easy 215 Access. Open Floor Plan with Oversized Family Room with beautiful wet bar. A Chef's Dream Newly Updated Gourmet Kitchen with Upgraded Kitchen Cabinets and Granite Counter Tops! Upgraded light fixtures throughout. Oversized Master Bedroom both bathrooms newly upgraded. A must see in Sun City Summerlin. This one will not last long. Call us Today 702-540-3775

SEE MORE

MARKET HIGHLIGHTS

  • 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: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

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

$431,910$527,890$479,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,667
Property Tax -$237
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$303

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.

$479,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7253$1,7804$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 10724 Shackleton Drive Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,703 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,703 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.05
    •  
  • 2361 Lauren Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,520 Sqft ∙ Built 1999 2 beds 1 baths ∙ 1,520 Sqft ∙ Built 1999
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 10532 Broom Hill Drive Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,703 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,703 Sqft ∙ Built 1995
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.01
    •  
  • 10604 Back Plains Drive Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 1998
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 10713 Alton Downs Drive Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,843 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,843 Sqft ∙ Built 1995
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
PROPERTY LISTING DETAILS
Robert W Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264563
Last Updated: 01/31/2021
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