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10765 Maltese Falcon Avenue Las Vegas, NV 89129

4 Beds 3 Baths 2,709 sqft Built 2018

$517,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $190.85
  • 7 Days on Market
  • MLS # : 2243016
  • Updated Date : 10/28/2020 at 14:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,709 sqft
  • Baths : 3 full
Listing Agent

Blackridge Luxury

Listing Agent's Description

This previous LENNAR model home built in 2018 comes with 180k+ in upgrades, roof-top deck with a fireplace overlooking the beautiful Las Vegas Strip and mountains. Nestled in the Northwest on the west side of the 215 beltway. This spectacular abode also, features 42" Flat Panel Cabinets, Quartz Counters w/Waterfall Edge, Gourmet Kitchen w/Stainless Steel BUILT-IN Double Oven and Range, Vegetable Sink in Island, Luxury Master Bath w/Walk-in Shower, Modern Bannister Stair Rail, Beautiful Tile Floors, and a Full Covered Patio! Come see it today for yourself!

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

Zip Code: 89129

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89129

ZipNIR 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
 

$465,300$568,700$517,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,908
Property Tax -$385
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$301

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.

$517,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,755

INVESTMENT

$142,755

Down Payment
$129,250
Rehab Estimate
$5,750
Closing Costs
$7,755

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,908

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,250
Loan Amount $387,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,991

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,188

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1753$2,1904$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 10765 Maltese Falcon Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.81
    •  
  • 4648 Yellow Harbor Street #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 4112 Bennett Mountain Street #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2004
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.75
    •  
  • 10737 Hunter Mountain Avenue Las Vegas, NV 4
    • 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
    •  
  • 4425 Rockaway Beach Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,715 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,715 Sqft ∙ Built 2003
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
PROPERTY LISTING DETAILS
Stefan Grabez
1.702.596.2854
Blackridge Luxury
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243016
Last Updated: 10/28/2020
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